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DrumBeat: May 15, 2008

Posted on May 15, 2008

OPEC trims 2008 global oil demand forecastLONDON OPEC on Thursday trimmed its forecast for global growth in oil demand in 2008, the latest sign that record oil prices are slowing consumption in the industrialized world.The exporter group also cut its estimate for oil supply from non-member countries in 2008, leading to a slight increase in the amount of crude its 13 members need to pump to balance the market.[break]Peak-oil spike reshapes the suburbsThe reality of peak oil will see properties classified into two types in the near future, according to Simon Fraser University professor Antho...

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