February 2008

Trends and Resources

HP Impact: HPImpact: Oil market vigor positioned to persist, says economist

The virtual seizing-up of large parts of global money markets is a very serious event. A healthy, functioning money market is absolutely central to the functioning of a modern economy. So says Adam Si..

Weirauch, Wendy, Hydrocarbon Processing Staff

The virtual seizing-up of large parts of global money markets is a very serious event. A healthy, functioning money market is absolutely central to the functioning of a modern economy. So says Adam Sieminski, chief energy economist with Deutsche Bank AG. In a recent presentation at an oil and gas conference organized by Deloitte & Touche, Mr. Sieminski analyzed the recent run up in oil price and demand and provided his company's outlook for the industry. Five factors have been most significant in driving oil prices higher, he said. These drivers and the weighted percentage of their impact are: 1. Emergence of China and India as new super-commodity consumers along with a strong base of oi

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