It looks as if the IEA, EIA, and OPEC have all been singing the same tune. Even more demand coming out of China.
The one Energy Forecasting Body from France may soon start to get the potential shift in the wind. It is, as if, all three bodies read the same Crystal Ball. How is that Possible?
http://bit.ly/9uxUqJ The claim, is that China, will be the big new user. When might that change? When the bloom is off the rose. When might that happen? When the R.E. Boom in a global downturn is Exposed as the NEXT BIG SHOE TO FALL. The last thing you want to be doing in a global deflationary market is BUILD. You don’t build when global demand is going down, you downsize. You conserve. You cut back. China has been going the wrong way for a very long time because they could sell into global markets. Those global markets are going where? DOWN
If it an R.E. Boom can be exposed in Japan and America, it can be exposed in China. Over capacity drives prices down, not up. China’s biggest market is where? EU.
If China can’t sell into the global markets as demand goes down, what does that do to the BALTIC DRY? END OF STORY.
Energy Conservation is, has been, and will always be, JOB 1
