Chart of the Week: Oil Demand versus Refining Capacity

Energy continues to be a key issue in the global expansion. Gradual increases in demand worldwide, combined with China’s insatiable thirst, have finally exceeded refining capacity.

Oil Demand versus Refining Capacity
oil_demand_versus_refining_capacity.gif
Source: WSJ

Oil prices will continue to be a long term drag on the economic expansion. The key will is in watching the Oil Services Sector.

Random Items:
Surprise! Higher Dividends = Higher Earnings Growth
Social Security Isn’t Doomed
Talent leak drains AT&T think tank
Even With Bush in charge, taxes may still rise
Global: Europe’s Speed Trap
Security Expert: An Enormous Waste of Money

Quote of the Day:
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
Sir John Templeton

Read this next.

Posted Under