Oil in the future

murray t turtle · Aug 1, 2016

DallasCowboysFan said:
Perhaps, but I am assuming that this is based on the idea that older cars that consume higher rates of fuel will be off the road and will be replaced with more efficient cars, hybrids and electric cars. This will be true in the U.S., Canada and Europe....

But.....the middle class is rising in China, India, Asia and other parts of the developing world.
After the rising middle class buy a home, eat better food and buy a few new clothes they want a new car.

Hybrids and Electric cars are more expensive than a standard gas engine. So they will buy a gas or diesel car.

Whatever improvements we make in the West will be offset by gains made elsewhere around the world.

Just my personal observations.............
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Dallas C;
In other words black gold- TX TEA is in a long term uptrend; gasoline is plentiful cheap-west TN, XOM, Shell, MUR selling it for $1.79& 9/10 cash[ MUR cash card, discount $1.77]; MRO a few cents more.

murray t turtle · Aug 3, 2016

TradeCat said:
XOM is to wealthy investors what TSLA is to young naive gamblers.
Well I can tell you that my friends and their wives are very happy with their Yukons, Suburbans and F-450 King Ranches.
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TradeTrendCat;
Big buyers, king size buyers;
named after the King ranch in you guessed it- in TX, home of TX TEA...................................
Interesting ranch , King Ranch, Kingsville TX over 777,777 acres, started by Captian Rich King, believe it or not. I believe it myself.....

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Oil in the future

murray t turtle

murray t turtle