Analysts: Oil Supply Cushion Is Tenuous

[Yo_Mama_Been_Loggin]

All the more money *'s friends can make!!!!!!!!

By BRAD FOSS, AP Business Writer

WASHINGTON - With so much uncertainty roiling oil markets these days, analysts say one thing is clear: the world's supply cushion is perilously thin.

Whether the amount of extra fuel that could be pumped in a pinch is 1 million barrels a day, as many believe, or significantly more than that doesn't really matter, they say, because the amount of actual production at risk these days is even greater.


As a result, the threat of output disruptions in Iraq (news - web sites), Russia, Venezuela and beyond has thrust crude futures above $46 a barrel for the first time — the latest run-up coming even after Saudi Arabia offered the market all it had. If global demand continues to rise at current rates, don't expect cheap prices anytime soon, analysts said.

http://story.news.yahoo.com/news?tmpl=story&cid=530&e=3&u=/ap/20040813/ap_on_bi_ge/oil

[Mari333]

1. Dark days ahead, unless we find alternative fuel sources

www.peakoil.net
I know I will spend this winter using wood, and covering my windows and living so cheap we will sqeak by. No extra spending.
This article is a trial balloon..in other words, get ready..its going to be a rough ride. They are afraid to tell the US public the truth..we are going to run out of oil.

[DeepModem Mom]

2. kick