Good Morning Mermaids . From Bloomberg today " US gasoline consumption rises most in four decades ; Feb consumption for Gasoline came in at 9.2 ml bpd . And that is only Gasoline add in Diesel , Aviation fuel , Heating Oil and Petro Chemicals , and Fertilisers and consumption is through the roof . Peak demand has not yet arrived as Driving season is from Memorial Day 30th May to Labour Day the end of Sep . Demand across the World is also rising particularly in India and China " according to IEA . On a separate note China has joined with Russia in the fight against ISIS sidelining Turkey who has been caught aiding ISIS fighters by giving them passage through Turkey . How is this relevant ? China is now openly an ally of Russia and Iran who are now both enemies of Saudi Arabia . Perhaps it will be Iranian oil making its way to China and not Saudi oil ....Food for thought ...... Cheers
MRM Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
