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We expect them to have regard for the risks of a future changing demand picture".
The demand picture is better, too: thanks to conservation, demand is a tenth or so below last year's level.
"However," he added, "it has also resulted in the demand picture becoming more predictable as we enter the second quarter".
Taken together the demand picture is getting murky and the earnings of a number of companies are at risk".
"The deteriorating demand picture reinforces our belief that oil prices are approaching a tipping point," energy analysts at Lehman Brothers said in a report last week.
The supply & demand picture changed owing to an unforseen rise in European oil consumption & Syria's cutting of the pipeline from Saudi Arabia to the Mediterranean in 1970.
Similar(44)
"He would demand pictures almost every day," Mr. Richie said.
The line seems like a throwaway in that busy, demanding picture, but it resonates strongly in the context of this series because when the young French cineastes known as the New Wave went to war with their elders in the late '50s and early '60s, the crime film was, in many ways, the field on which the decisive battle was joined.
Y2K vendors, however, report a different supply-demand picture.
Despite this positive supply-and-demand picture, we cannot blithely ignore the recent spate of weak economic numbers, nor can we rule out the potential for a more serious slowdown than many expect as we prepare to enter the fifth year of the current bull market.
But scaring children is the easy part; once I complete my run-around-yelling entrance I find myself standing in the middle of an increasing crowd of grade-schoolers who were all demanding pictures.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com