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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Bearcatbob who wrote (155811)8/20/2011 7:52:52 PM
From: Eric  Read Replies (1) | Respond to of 206084
 
It makes a lot of sense once you understand oil consumption patterns that are developing here. As we continue to get ever more efficient in burning oil here (Jet, diesel, gas) consumption will continue to drop in the long run. If oil prices start rising again that trend will just accelerate.

JMHO

All of that oil has to go somewhere if we are not burning it.