His logic says that gasoline consumption has dropped by 1%, while the price of crude has doubled. Wow! That is really some demand destruction.......or words to that effect. A whole 1%, which is essentially nothing. A whole lot of folks are trying to talk the price of oil down, but I think it is just that....talk. In the meantime, new sources are not coming on-line as fast as old sources are drying up. IMHO
Barron's Banks on $100 Oil [View article]
Barron's Banks on $100 Oil [View article]
Barron's Banks on $100 Oil [View article]
www.thestreet.com/_yah...
His logic says that gasoline consumption has dropped by 1%, while the price of crude has doubled. Wow! That is really some demand destruction.......or words to that effect. A whole 1%, which is essentially nothing. A whole lot of folks are trying to talk the price of oil down, but I think it is just that....talk. In the meantime, new sources are not coming on-line as fast as old sources are drying up. IMHO