Short-Term Energy Outlook, January 2008
Return to Contents
					Change in
	Non-OPEC	World	WTI		Non-OPEC	World	WTI Crude
Quarter	Supply	Demand	Price		Supply	Demand	Oil Price
2004-Q1	48.41	82.25	35.24
2004-Q2	48.62	81.60	38.35
2004-Q3	48.59	82.13	43.87
2004-Q4	49.08	83.32	48.31
2005-Q1	48.70	84.78	49.73		0.28	2.52	14.48
2005-Q2	49.13	82.48	53.05		0.51	0.87	14.70
2005-Q3	48.09	83.17	63.19		-0.50	1.04	19.32
2005-Q4	48.30	84.21	60.00		-0.77	0.89	11.69
2006-Q1	48.46	85.35	63.27		-0.24	0.57	13.54
2006-Q2	48.53	83.55	70.41		-0.60	1.08	17.36
2006-Q3	48.94	84.59	70.42		0.85	1.42	7.22
2006-Q4	49.12	85.89	59.98		0.82	1.68	-0.02
2007-Q1	49.19	85.68	58.08		0.73	0.34	-5.19
2007-Q2	49.34	84.83	64.98		0.81	1.27	-5.43
2007-Q3	49.15	85.45	75.46		0.20	0.86	5.05
2007-Q4	49.72	87.46	90.67		0.59	1.57	30.69
2008-Q1	49.49	87.74	92.33		0.30	2.06	34.26
2008-Q2	49.89	86.42	89.00		0.55	1.59	24.02
2008-Q3	50.36	87.04	85.50		1.21	1.59	10.04
2008-Q4	51.08	88.65	82.00		1.36	1.20	-8.67
2009-Q1	51.12	89.37	81.00		1.63	1.62	-11.33
2009-Q2	51.53	87.98	83.33		1.64	1.56	-5.67
2009-Q3	52.00	88.62	81.33		1.65	1.58	-4.17
2009-Q4	52.36	90.13	81.00		1.28	1.48	-1.00
Quarters	Forecast
12.5	-15
12.5	40