Question about gas demand...

[Guy Fawkes]

I heard that the current demand for gas is in fact false, and that oil companies are matching use gallon for gallon. Any information on this would be helpful.

[Freedom_from_Chains]

1. I'm not sure what you mean

How is demand false?

How are oil companies matching use gallon for gallon?

[Guy Fawkes]

3. Let me see...

I was told that the rise in gas prices is only due to artificial demand, and that there is actually enough gas being produced to meet demand gallon for gallon.

Consequently, I've been told that there is enough oil in Russia to flood the world's economies and drop gas prices to under a dollar....

[Tace]

4. It's A Bit Like Saying We Can Afford Weed Today...

if we don't worry about paying the rent tomorrow.

[Tace]

5. Dupe

[Freedom_from_Chains]

6. You need to find another source of information

Here is a good place to start:

http://www.eia.doe.gov/

They have more facts and figures than one could ever digest.

Also check out their "Oil Basics Primer"

http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/oil_market_basics/Full_contents.htm

[Tace]

2. I'm Not Exactly Sure What You're Saying...

Indeed, supply will meet demand. It's just a question of "at what price."

Here's a couple of really good energy sites:

http://www.energybulletin.net/

http://www.321energy.com

Edit: Fixing links.