Oil market equilibrium fragile, says think tank - UPI.com - 0 views
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Adil R on 15 Oct 12This article talks about the Oil equilibrium and it relates it to supply, demand, opportunity cost and other external factors that affect the equilibrium. It talks about Europe's demand is "dead" and it points out the fact that they are looking at alternatives than fuel. it talks of how the demand for oil is decreasing as alternate ways are being used to generate heat and power but oil is still vital as a source of fuel. Only 2% of global fuel liquid supply is comprised of biofuels and the rest relies on oil. other factors discussed include geopolitics.