Is America's Thirst for Oil Just an Illusion? | Forex Factory

  • Is America's Thirst for Oil Just an Illusion?

    From bloomberg.com

    Could it be that the U.S. demand that's helped drive a near doubling of oil prices since mid-February was illusory? That may be a reasonable conclusion to draw from the latest data published by the country's Department of Energy.The DoE, through the Energy Information Administration, produces two sets of U.S. demand data that drive sentiment and influence trading. The first shows monthly figures. They're two months out of date, but they give the most accurate assessment of what's going on in the world's largest oil-consuming country.The second set of numbers come out each Wednesday, giving preliminary estimates for ... (full story)

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Newstart08
Jul 3, 2016 5:50pm
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and yet it(oil) is the number one export from the USA. The age of oil is over. You still have the Bush family and friends giving fake numbers as only in America the press is owned and will report what they are told. The dinosaur investors will finally realize the relics they are. Who really cares. The influence is fake, the numbers are sugar plums and the dream of sustainable wealth in this archaic investment will fall from the financial road like the shave signs. " Their was a family named Bush who gave the economy a push but lo and behold the truth was told and their fortune made nothing when sold" Burma Shave.
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str8bullish
Jul 3, 2016 8:41am
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You have the demand side - the supply side- and the innovation side which can actually drive up demand... The world is rapidly becoming a consumer led economy so PERFECT TIMING for the innovation and for oil and other energy sources including clean
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str8bullish
Jul 3, 2016 5:44pm
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Quoting Muntu
Not factored in to the bullish side : the many oil wells closed and the more bankrupt small oil companies victims of the current oil prices
Wait until planes can vertically take off, "Muntu" .. you won't need all these big airstrips and smaller companies could possibly drill again
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Muntu
Jul 3, 2016 10:49am
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Not factored in to the bullish side : the many oil wells closed and the more bankrupt small oil companies victims of the current oil prices
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Nestore.NE
Jul 3, 2016 1:40pm
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I don't think so...
Is the money America makes from that ''thirst'' an illusion?
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J.NRosa
Jul 3, 2016 1:56pm
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It's all about politics and money.
Anyway, we will never know the whole truth.
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JeannaJ.
Jul 3, 2016 2:19pm
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No, it's not...
They are looking 4 it even in space
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White22
Jul 3, 2016 2:28pm
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Quoting JeannaJ.
No, it's not...
They are looking 4 it even in space
That's why the need nasa
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Dulin1990
Jul 3, 2016 3:13pm
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Yes!!!
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gandolf13
Jul 3, 2016 7:52pm
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Think they are going to Trump that, then when he is in, lol he's going to go nut's, when he can't do anything because he hasn't got or can even get enough money!
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