Time to Short Oil Due to Excessive Speculation? Think Again [View article]
Eric,
Good point. But remember that fuel subsidies in India and China distort the supply-demand picture. The fuel consumption in the emerging markets is insensitive to the oil price, and should go up this year as well, scaling with the GDP growth story..
Time to Short Oil Due to Excessive Speculation? Think Again [View article]
Good point. But remember that fuel subsidies in India and China distort the supply-demand picture. The fuel consumption in the emerging markets is insensitive to the oil price, and should go up this year as well, scaling with the GDP growth story..
-Sajal