Oil is cheap. Looks to me that oil is about average when adjusted for inflation. John Kemp China is consuming less oil because their economy is slowing and China only buys on dips. ThomsonReuters
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Oil Market Myths
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Chinese Commodity Demand
As Chinese GDP growth has slowed the narrative that Chinese commodity demand has declined has been repeated at nasaum. However, this appears to not be true. What has declined is the growth rate of Chinese commodity demand. The economics profession and investment world is addicted to growth rates and ignore gross figures. This is the […]
Read moreThis post may be controversial. Without getting into the global warming debate and the morality discussion about the future of the world, as Helen Lovejoy would say, “wont somebody please think about the children“, but the below chart show the development of two African nations and their CO2 footprint. Steve Tinker – UTex Bureau of Economic […]
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The Oil Story in Charts
Right now the market only cares about OPEC ignoring… : Confluence Investment Management and EIA Yet year to date Bespoke Think Big Blog and since Aug 2015 Bespoke Think Big Blog and 2011 Bespoke Think Big Blog but all the media discusses is they looking in the ?
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Demand and Supply for Crude Oil
US Global Funds
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India…What if?
The IMF recently stated that India’s GDP expanded at 7.6% annual rate, growing faster than China for three straight quarters. India has overtaken Japan to be the worlds third largest economy in 2014. India’s oil imports have surged, across all product categories, on low prices. India consumes 3.7MM barrels/day vs. China’s 9.9MM barrels/day. However, India […]
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