echang's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/213245/comments http://seekingalpha.com/article/83157-as-global-demand-rises-oil-production-remains-flat?source=feed#comment-195667 195667
i have yet to read anything or see anything about the increase or decrease in chinese/or indian gas consumption (i hope to have a better idea by the end of the summer), but i do believe the high crude prices have finally begun to destroy demand in the United States. Perhaps its the economic problems but people are beginning to cringe at the mention of high gas prices. I think four a gallon is the tipping point for the American consumer, especially if 9/10 of them think we are in a recession. Gas consumption dropped 1.8% last month, and I heard it fell 3% this month (have not come across this figure in writing). Chinese, Indian and other growing economies may very well offset declining gas consumption here. But there is the chance that their roaring economies slow down. Perhaps its the Chinese economy that crashes after the Olympics and not the stock market; crash might be too strong of a word. ]]> Mon, 30 Jun 2008 03:44:46 -0400
i have yet to read anything or see anything about the increase or decrease in chinese/or indian gas consumption (i hope to have a better idea by the end of the summer), but i do believe the high crude prices have finally begun to destroy demand in the United States. Perhaps its the economic problems but people are beginning to cringe at the mention of high gas prices. I think four a gallon is the tipping point for the American consumer, especially if 9/10 of them think we are in a recession. Gas consumption dropped 1.8% last month, and I heard it fell 3% this month (have not come across this figure in writing). Chinese, Indian and other growing economies may very well offset declining gas consumption here. But there is the chance that their roaring economies slow down. Perhaps its the Chinese economy that crashes after the Olympics and not the stock market; crash might be too strong of a word. ]]> http://seekingalpha.com/article/82091-when-crude-drops-amr-will-fly?source=feed#comment-191057 191057
chinese oil refiners have always tried to purchase as little oil as they could because they sell gas at a loss. if the government increases prices, it might make sense for them to buy more crude oil because quite honestly, chinese consumers weren't getting enough gas at the old prices. oil shortages and lines at gas stations were quite common. Don't know if this still holds true at current prices, nytimes article seems to think it still does. Regardless, many economies seem to be slowing down. Many traditional gas users seem to be slowing down. The bearish story is still unfolding. Only time will tell if its correct]]> Mon, 23 Jun 2008 13:33:27 -0400
chinese oil refiners have always tried to purchase as little oil as they could because they sell gas at a loss. if the government increases prices, it might make sense for them to buy more crude oil because quite honestly, chinese consumers weren't getting enough gas at the old prices. oil shortages and lines at gas stations were quite common. Don't know if this still holds true at current prices, nytimes article seems to think it still does. Regardless, many economies seem to be slowing down. Many traditional gas users seem to be slowing down. The bearish story is still unfolding. Only time will tell if its correct]]> http://seekingalpha.com/article/82091-when-crude-drops-amr-will-fly?source=feed#comment-189168 189168 Fri, 20 Jun 2008 11:42:17 -0400