Energy Consumption RISES!

The energy complex has much to do with the economics of supply & demand.  The lessons from Econ 101 ring true; until you get Oil Ministers, Opec, EIA, Media, Short & Long ‘paper’ traders involved to skew what you’d expect to happen.

Fundamentals eventually will win their place, so patience and timing will earn a portfolio manager’s keep.

us-gasoline-consumption

 

Interesting to reread earlier posits on the tax revenue from all this consumption, http://radow.net/2016/04/19/americans-pay-tax-of-172-million-every-day/