Always on a Friday

I should have known and checked on Saturday. The Bush administration, top to bottom, releases bad news on Friday. This rule even applies to fairly obscure agencies like the Energy Information Administration, which updated its world oil supply and demand numbers Friday.

The news is bad once again. (To see the numbers, click here scroll to the bottom of the page and click on the Excel icon next to “World Oil Balance.”)

The newest numbers say world oil demand exceeded supply by an average of 800,000 barrels per day in the third quarter of 2007. Revised figures for the second quarter of 2007 indicate that supply exceeded demand by 50,000 bpd. Hope that makes you feel better.

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