Light oil is the crème de la creme
of crude. Why? You need look no further than your garage. It's simple:
Nothing is better than high quality, low sulfur sweet oil for making
gasoline.
Automobiles are everyone's favorite mode of
transportation. But It's not just developed countries anymore. Newly
prosperous Asian countries are quickly building roads. And, predictably,
Asians are buying automobiles in droves, rapidly boosting gasoline
demand. Think how the U.S. expanded auto ownership in the 1950s.
Chinese auto ownership is currently less than 2% of U.S. ownership. But, Asians can't wait to catch up - and they have plenty of U.S. dollars to do it. Read more here
Monday, August 22, 2011
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