The International Energy Agency that previously warned of lower for longer oil prices and warned last year that the oil price recovery was threatened by the possibility of
weak demand now has changed its tune and is now saying that it is «mission accomplished» for OPEC as oil stocks shrink at a record pace.
Not exact matches
Poloz insisted the trend he anticipated in 2013 — a steady increase in non-commodity exports buttressed by stronger
demand in the U.S. and a
weaker dollar — was
now entrenched.
But she did suggest that the case for stimulating aggregate
demand is
weaker now than it was a few months ago.
Investors are
now almost unanimously assuming a vicious circle, whereby collapsing oil prices cause a global slowdown, which leads to even
weaker energy
demand and further oil price declines.
Well gas prices were depressed for a long time and
now as the country works its way out of its Obama funk of NO expansion and high unemployment and
weak demand they should be expected to rise.
And if finances are shaky
now, what happens when the company is entirely on its own, the federal tax credit for solar phases out and
demand for panels — with oil cheap — remains
weak?
With
demand for credit still
weak, it is more likely that rates go lower for
now.
Even
now, as nations commit to spedning literally hundreds of billions on policies that are obvioiusly not going to work because the science underlying those policies is
weak, they still
demand we go forward.