Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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)
Alltogether, supply/demand balances way out of line
,favouring the buyers of crude,fuels,feedstocks,etc..

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.