As the Saudi inspired attack on supply continues, the tsunami ripple moves outwards.
1. I understand that forward orders for electric cars in some parts of the USA are off 50%.
2. despite the fact that India is a fairly heavily regulated country but consumption of fuel ethanol is way down; some domestic ethanol plants are closing.
3. Cheap natural gas in the USA has enabled some petrochemical plants to undercut their Chinese counterparts and I can imagine how that will eventually have consequences in OZ.
4. The palm oil people in SE Asia must be wondering how long their governments will prop them up.
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As the Saudi inspired attack on supply continues, the tsunami...
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