The IEA's oil demand forecasts are self-defeating because if 8 million barrels per day of spare capacity actually materialized, you would have to price that capacity before you arrived at it, making very low oil prices required to balance supply and demand.
causalpending
Speaker
Paul SankiEvidence Quote
“if you were to have 8 million barrels there spare capacity globally uh you would have to price about 8 million barrels day spare capacity before you got there because that would be way too much”
Source
'Never Before Seen' Oversupply Of Oil To Collapse Crude Price? | Doomberg & Paul Sankey— David LinCreated: 8/12/2026, 6:45:10 PM
My Notes
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