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Driving those RV's and other gas guzzlers is really not impacting that much in near terms:
- tanks are full worldwide with crude+products;
- there is today +/- 1 to 1.5 million barrels crude too
much coming into (an already overflowing)system;
- only, and ONLY, a firm, co-ordinated real cut of
anything over 1 million barrels/day crude supply is
going to firm crude prices over $15/bl Brent;
- also ,don't forget to look at other factors:
* F.east/Asia demand scenario for transport fuels +
petrochem feedstocks (naphta..!!);
* competing energy values: LPG ( halved in price since
end last year....)and much too much of it globally;
* China import restrictions (anti-smuggling drive) +
lower growth scenario for China: resulting in much
lower export flows to that huge(fuel importing)
bloc.
Alltogether, supply/demand balances way out of line
,favouring the buyers of crude,fuels,feedstocks,etc..

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