See the attached table from your honorable US government on oil consumption stats in the world for 2008.  After reviewing it, I would like to have someone tell me WHERE THE HELL IS ALL THIS DEMAND DESTRUCTION I KEEP HEARING ON CNBC AND FROM EVERY ANALYST OUT THERE????????  I never trusted the talk much anyway!

 

Throw in recent diclosures that the US and China will add millions of barrels of oil to their strategic reserves "at these reasonable prices", the OPEC cuts in production, the Saudis cutting further and  all I see is A BIG CON JOB on the way down just like it was on the way up!  At the same time oil projects are being cancelled, postponed, or stretched out everywhere!

 

We are in for a world of hurt when this turns and you better consider energy tickers when it does!  When are markets going to clean up their acts.

 

This is our own tabulated US statistics!

 

Kutz