oil change ahead

What’s your assessment of the latest oil supply and demand data coming out of the International Energy Agency?

Jeff Rubin: If you look at the world energy outlook from the IEA two things really stand out.

1) About 80 per cent of the oil they expect the world to be consuming by 2035 hasn’t been found or developed.

2) About 70 per cent of the oil being produced today will be depleted by then.