Worth a quick read. Scrolling through the graphs it becomes apparent that domestic production is rising in the US probably due in no small part to the EFS and Bakken plays. Consumption doesn't seem to have a steady upward trend maybe due to the improved fuel economy of vehicles. My conclusion from looking at these stats is increased global demand for oil is more likely to come from emerging economies..read China/India/Brazil than the US. http://www.eia.gov/totalenergy/data/monthly/pdf/mer.pdf
TXN Price at posting:
40.5¢ Sentiment: LT Buy Disclosure: Held