Humint Events Online: No Need to Panic, No Sir

Thursday, March 31, 2005

No Need to Panic, No Sir

"Growth in oil production worldwide isn't keeping pace with demand..."

However, ""We are not in any way suggesting that the world is running out of oil".

-- Arjun Murti, an analyst with Goldman Sachs.

We are not in anyway suggesting, or even slightly hinting or -- JUST DON'T EVEN THINK ABOUT THE IDEA THAT THE WORLD IS RUNNING OUT OF OIL!

Okay?

I love how this guy is trying to calm people down. Methinks he is trying too hard.

By the way, the main point of the article was that demand wouldn't really decrease in the US until oil hits $80 a barrel. But of course, even if it gets that high it will be only temporary. Of course.

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