Goldman mulls collapse in gasoline demand

vanzandt said:
...

Here's the main link. Notice the inventory link doesn't work. https://energy.gov/fe/services/petr...um-reserve/spr-quick-facts-and-faqs#Inventory
More...

It works. https://www.spr.doe.gov/dir/dir.html

Here's a pic in case your link is still not working.
SPR.jpg
 
Uh-oh...I wonder what they do to "fake news" purveyors in the gulag. Mine's working now too.
Room 237 at the Siberian Hilton awaits.
 
They will keep stockpiling until they have about 5/6 months and have all drills in the US running,... then drop the bomb....

So VIX calls in Dec17.... get them while they're hot!!!

EDIT. Ai... I forgot, I took my conspiracy theory hat off already....
 
Robert Morse said:
I love GS research, but when WTI was $140, they had a price target of $200, then we went to below $30. oops.
More...
I had read a GS research paper that said resistance for crude will be $91 when WTI was at $140 and I think that will play out during the " Trump years". Buy the dip until $90...
 
JackRab said:
So what's that... 3 months worth of oil?
More...

The chart suggests 695 MN barrels and the U.S. uses 19 MN barrels a day.

So, that would be about 5 weeks.

But that does not include the oil we would be producing domestically at the same time or importing from Canada and Mexico.

But don't put too much importance on the oil reserve.........if there was a major conflict and we actually had to rely on the reserves, it would not be used for me and you to get to work and drive the kids to soccer practice. It would be used for the military.......or at least they would get the first priority.
 
Michael J. Fletcher said:
"Goldman's Damien Courvalin says this sharp of a decline has occurred in just four periods since 1960, and each time personal consumption expenditures fell alongside. For gasoline demand to fall 6%, it would require a recession."
http://seekingalpha.com/news/3241527-goldman-mulls-collapse-gasoline-demand
More...


Does that mean that the fall in consumption is an indication of an upcoming Recession?

Or is it an indication of more fuel efficient cars and electric vehicles?
 
DallasCowboysFan said:
The chart suggests 695 MN barrels and the U.S. uses 19 MN barrels a day.

So, that would be about 5 weeks.

But that does not include the oil we would be producing domestically at the same time or importing from Canada and Mexico.

But don't put too much importance on the oil reserve.........if there was a major conflict and we actually had to rely on the reserves, it would not be used for me and you to get to work and drive the kids to soccer practice. It would be used for the military.......or at least they would get the first priority.
More...

And if all else fails, Trumpy can just take over Canada.
 
You must log in or register to reply here.
Back
Top