rhj123

As Oil Slides, Will Contrarians Turn to Refiners?

I agree with Timothy. We Americans do use large SUVs and pickups, for good reasons. But folks back in NY, out in LA, in Chicago, etc., don't do heavy work with their pickups, so they are easily led into thinking there is no need in having those vehicles. The rest of the country does things like towing trailers, work or pleasure, and getting materials to jobs. And even using them off the highway, of all things! So, now with oil prices dropping, we country folks will continue using heavy SUVs and pickups. And most of the city folks will quietly return to using them, too. Excellent time to invest in refineries....