Oil Demand in the Near Future

[Capt Lindsay]

There is an interesting front page article in today's Wall Street Journal regarding the declining demand for oil-based fuels. ExxonMobil has separately announced that it will exit refining petroleum in the U.S. and will sell its remaining company owned Exxon and Mobil service stations.

The issue that bothers me on this issue is that just a year ago, there were shortages of what today the oil companies say is available in quantities approaching glut status.

Since taxes collected on oil product sales will reduce concurrently, I suppose we can watch the federal and state governments line up to jack the tax rates.

Here is a link to the article: http://online.wsj.com/article/SB123957686061311925.html


Capt. Lindsay Fuller
June Bug Charters
Beach Haven, NJ
609-685-2839
http://www.Fish-JuneBug.com

[marlin magnet]

All Propaganda. I don't know what to believe at this point. In another article in today's paper, they discussed the annual price increases due to higher summer demand from people traveling more. In the same article they mentioned closures of some big refineries in favor of the less complicated smaller nitch units. I don't trust the media, big oil, or government one bit.