The latest OPEC Monthly Oil Market Report (MOMR) foresees that demand for OPEC crude oil will decline over the next year by about 300 kbd. This is largely in anticipation of additional production from elsewhere:
On March 9 Dr Saleri (who debated Matt Simmons at CSIS in February 2004, on Matt’s concerns expressed in what became “Twighlight in the Desert”) had an opinion piece in the Wall Street Journal in which...