[bruinbirdman]

"If you look at the last bars on the graph that represent the latest numbers for 2008 you will see that Demand is at 88 million barrels per day while Supply is at 87 million barrels per day"

Take another look at the graphs! Another trick.

Look at Supply 1Q2008 = 87. Demand actually shows 4Qs for 2008 (estimates?). But 1Q2008 Demand is less than 87.

yitbos

[rurgan]

No, the first Quater Demand for 2008 is 87 m b p/d while the first quater 2008 supply is about 86 and DOESN’T come close to reaching 87 m b p/d.

[rurgan]

No, the first Quater Demand for 2008 is 87 m b p/d while the first quater 2008 supply is about 86 and DOESN’T come close to reaching 87 m b p/d.

So Demand(87) is higher than supply (86).