wise

Why Is Oil Trading at $53 When Supply and Demand Is So Bearish?

thanks for your insight


On Mar 25 05:40 PM Pink Panther wrote:

> Yes, even "poor" countries can afford $150 or even $250 oil:
> People there are used to crowded trains and buses and will drive
> to work in Nanos using carpools of 4 people or more, achieving like
> 50-80 miles on a dollar per person. They will use the expensive resources
> much more efficiently than people in the developed countries.
>
> On Mar 24 05:26 PM ValueInvestor wrote: