OPEC expects Chinese will take up a slack in demand
Mood:  d'oh
Topic: Oil Production
THE DAILY STAR (Lebanon) 20 June '06:
"OPEC expects demand for oil to rise despite continuation of high prices" by
Michael Adler AFP
HEADING::"cartel predicts chinese sales will offset European slump"

QUOTES FROM TEXT:
"cartel projects chinese sales will offset European slump"

"OPEC said "world demand for oil in 2006 is forecast to grow ... 1.6
percent"

VIENNA: OPEC's estimate for demand for its oil in 2006 is up by 100,000 barrels per day (bpd), even if high prices are reducing growth in oil demand
in certain key regions, especially Europe, the powerful cartel said in a report Monday. "The estimated demand for OPEC crude in 2006 is expected to average 28.7 million bpd, representing an upward revision of 0.1 million bpd versus last month," the 11-nation Organization of Petroleum Exporting
Countries said in its monthly report for June.
OPEC said "world oil demand in 2006 is forecast to grow or 1.6 percent"
. . "US oil demand is expected to ... show an increase in the second quarter of 2006," OPEC said. . . .United States "oil demand in the second
quarter is keeping up with the high 3.4 percent economic growth" and in the Middle East "oil demand has been revised up ..." OPEC said. . . . "Chinese
oil demand is now expected to grow ...to average 7 million bpd in 2006," OPEC said.

The International Energy Agency(IEA) drew a broad picture in its monthly report of strongly growing demand for oil products in developing countries
in contrast to flat or declining demand in advanced industrialized countries
in the OECD.

Should Arabs and Moslems control vital commodities?
Topic: Oil Production
Taken the track record of violence, terrorism (as in Sudan, Palestinians, Hesbollah, Al Queda, etc.), separatism (as in Bosnia, India, Philippines, etc.) and Baal paganism (as in Najaf, Iraq)** of Arabs and Moslems, the world should seriously consider whether they should have control over such a vital commodity as crude oil!!

**1 Kings 18:26 So they prepared one of the young bulls and placed it on the altar; and they called to Baal all morning, shouting, "O Baal, hear us!" But there was no reply of any kind. Then they began to dance around the altar. ...28 So they shouted louder and, as was their custom, cut themselves with knives and swords until the blood gushed out. 29 They raved all afternoon until the time of the evening sacrifice, but there was no reply, no voice, no answer. TLB