The International Energy Agency

It is interesting to note how as equity markets set new highs and commodities rebound, we still feel we are going through uncertain times. And despite signs of global economic recovery, it is good to remind ourselves that credit remains low, making missing funding for consumption and investment. While most are looking for some kind of consolation through the involvement of governments, we must remember that a recovery should be based on actual demand, which is the only thing that really feed businesses and consumers.

The International Energy Agency (IEA) said a major concern on the fall in investment in oil extraction, pipelines and refineries, and that is what they stop investing today, we will pay tomorrow through efficiency energy consumption, to help businesses and households to falling demand in terms of general use. And Although there are many conservationists who will appreciate the reduced energy consumption, especially fossil fuels, which do not invest now in oil efficiency, so we will pay in the future. The IEA cited specifically the Association of Southeast Asian Nations (ASEAN) as a major growth area, with growth levels of up to 75% of energy demand in the next 20 years.

Although growth rates seem relatively healthier than in many other areas of the globe, growth in demand could find his real locomotive in ANSA. We must not forget the counterpart of the demand: supply. The U.S. commercial inventories of gasoline, distillate are widely differing levels of higher levels of last year at this point, with levels that are even far above the typical upper limits of stocks .

Previous Post
Comments are closed.