Profiting From Oil – Peak or Not
Investment U (August 14th, 2009) Writes:
Profiting From Oil – Peak or Not
Tony Daltorio, The Investment U Research Team
It seems like the only times that the financial media talks about oil is when they mention either demand destruction in the United States or an inventory buildup of fuel, etc. in the United States.
The financial media is doing a real disservice to millions of investors in two ways.
The first is by ignoring the rest of the globe when it comes to demand for oil. For example, China imported a record amount of oil in July – 4.6 million barrels a day, up 42% from last July.
This record monthly figure is well above the previous peak of 4.1 million barrels of oil a day set in March 2008, when the financial media said that China was simply stockpiling oil ahead of the Olympics.
The second
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