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United States Oil ETF Message Board

  • ext4r ext4r Jan 30, 2013 12:33 PM Flag

    World Political Risks and Higher Taxes KILLING OIL DEMAND

    Consumer Sentiment is plunging along with GDP

    Demand for oil is crashing while oil inventories are much higher than expected

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    • "Demand for oil is crashing"

      This is clearly false. Global oil demand continues to rise every year and forecasts for 2013 are for an increased rate growth in oil demand relative to 2012.
      OK, we all know your viewpoint, but why lose credibility by posting blatantly false misinformation.

    • Propaganda! okay so its the good propaganda. The powers that be government, industrialists etc want to talk down or cool off the energy market. Remember we are an oil/energy driven economy and cheap oil is what is needed to prosper. Problem is that the resrt of the world is becoming more energy and oil dependant sitll far from advanced industiral economies but growing. Add to this one could well expect that decine in some massive oil fields is going to be covered up so as not to scare off the oil consumer. Peak oil is a fundamental that we cannot escape and shale oil is likely not all its talked up to be. Prefer yield oil investments since the short term can be weak, but longer term oil is going much higher. There is a good reason other than his own personal agenda that Mr. Pickens is recommending more use of nat. gas and that is oil is going to become more expensive again and again, but can be mitigated by use of nat gas as alternate fuel.

    • Don't know where you get your numbers, but oil demand is higher today then when oil went to 147.00 barrel....

      Sentiment: Strong Buy

 
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