Chart of the Week: Oil Demand versus Refining Capacity
Energy continues to be a key issue in the global expansion. Gradual increases in demand worldwide, combined with China’s insatiable thirst, have finally exceeded refining capacity.
Oil Demand versus Refining Capacity
Oil prices will continue to be a long term drag on the economic expansion. The key will is in watching the Oil Services Sector.
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Quote of the Day:
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
- Sir John Templeton
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