The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities [View article]
He's dead WRONG on gasoline consumption here in the USA, I've been tracking the numbers because I've made a ton of money shorting oil and gas.. Gasoline consumption has DROPPED millions of bbls. EACH WEEK since November, each week is worse and worse than the one before, you add them up and since gasoline is 40% of the use of each bbl. of oil, it FAR outweighs ANY cuts OPECker can or have made.. Thats JUST the gasoline decrease in the USA, that DOESN'T include the REST OF THE WORLD..LOL..!!!! Oil is toast for years..
The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities [View article]