Thedatais based on research into current and projected oil production levels, extraction costs, exploration projects that are underway or in the pipeline and growth projections for developed and developing nations.
We'll know more next week: Fourth-quarter growth datais expected, the FOMC meets, OPEC will decide whether to boost oil supplies (which would ease some pressure on the U.S. economy) and President Bush will hold his final State of the Union address.
All I want is more reliable and more widely accessible data, and for better communication between the various organizations that monitor oil production.