.

World Oil Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008

.

Consumption (mbpd)85.3684.4885.0886.6686.3485.7386.4587.89

.

Supply (mbpd)84.284.3784.3385.4985.8686.1787.1887.17

.

Price ($ / barrel in middle of quarter)$53.65$62.97$74.43$87.79$89.91$110.21

.

.

% Increase

.

Consumption-1.03%0.71%1.86%-0.37%-0.71%0.84%1.67%

.

Supply0.20%-0.05%1.38%0.43%0.36%1.17%-0.01%

.

Price17.37%18.20%17.95%2.41%22.58%

.

.

Source: EIA

.

Table 3a. International Petroleum Supply, Consumption, and Inventories Energy Information Administration/Short-Term Energy Outlook - May 2008

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All Countries Spot Price http://tonto.eia.doe.gov/dnav/pet/hist/wtotworldw.htm