IEA Forecasts Record Oil Demand for 2014

[wilmawatts]

In an interview last month with Jim Puplava we talk about the latest IEA oil forecast for 2014, Middle East oil exports, Mexico production and outlook, and the future for the shale industry in the US. Last year the US increased oil production by 1 million barrels per day – the most of any country – and the trend remains in place:

http://www.lsgifund.com/LSGI/fsn2014-07-dancy.mp3

We also discuss how impressive recent results have been in the Utica and Marcellus formations

[dan_s]

Good interview. I agree that this world cannot expect much production growth from Iraq. I think the whole region is heading down the path of social destruction. Oil demand is heading much higher between now and year-end. It looks like the market is figuring that out now.