energy information administration short term outlook august 2001 1 overview world oil markets the prospects for growth in petroleum demand this year may not be as dim some would suggest except during periods of serious international financial distress 1998 rapid increases prices 1991 and 2000 dissolving a nation state ie former soviet union early 1990 s has generally grown by 2 million barrels per day over last decade figure we expect to very close lower end that range while economic factors tend support are somewhat weaker than normal gdp about percent compared an average almost 3 period there have been scenarios since likely show decline 7 10 contrast annual increase 50 1999 continued weakness such
