Energy continues to be a key issue in the global expansion. Gradual increases in demand worldwide, combined with China’s insatiable thirst, have finally exceeded refining capacity.

Oil Demand versus Refining Capacity
Source: WSJ

Oil prices will continue to be a long term drag on the economic expansion. The key will is in watching the Oil Services Sector.

Random Items:
Surprise! Higher Dividends = Higher Earnings Growth
Social Security Isn’t Doomed
Talent leak drains AT&T think tank
Even With Bush in charge, taxes may still rise
Global: Europe’s Speed Trap
Security Expert: An Enormous Waste of Money

Quote of the Day:
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
- Sir John Templeton

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Comments are closed.