Sceptics say oil supply may not improve in 2009

Oil consumers and producers expect a strain on world markets to ease in 2009, giving some respite from record prices — if supply rebounds from years of underperformance.
The International Energy Agency (IEA), adviser to industrialised countries, and producer group OPEC both point to rising supply from outside OPEC in 2009 as well as slightly lower growth in global demand.
Others are not so sure.
“It worries me that everyone is projecting this relatively strong growth in non-OPEC output,” said Julian Lee, senior analyst at the Centre for Global Energy Studies, a London-based forecaster.
“This leads to a sense of complacency that everything will be okay and that OPEC doesn’t need to increase production.”

Guardian