Post by
Re1ndeer2 on Aug 27, 2024 8:48am
Oil Demand in Future( from BURNSCO)
This is not talked about much and why I like energy - If India and Africa countries increase to just 4 barrels a day ( China level) Oil demand would increase by 20 Million b/d USA is 21.8 and Canada 21.2 I remain bullish !!
Comment by
MLEWICKIMBA on Aug 27, 2024 9:41am
Yes agree with you. That is what RAFI has been saying in Calgary. The other Oil Fund Manager. But today Goldman and Morgan Stanley pushing the narrative of lower prices. God Sakes!!!!
Comment by
Dibah420 on Aug 27, 2024 9:59am
Being larger players, GS & MS tend to be bigger "influencers" than say RAFI or BURNS. As for god, she never Promised a Land of perpetually higher prices unlike some operators we know. Cheers
Comment by
wannabebuffet on Aug 27, 2024 10:30am
Everybody needs energy. The developing countries, China included, as a lot of people want to get out of poverty. They see how the west lives and want a better future for themselves. A refrigerator, air conditioning, a car - all the things we take for granted. All that takes energy.