We really don’t know where oil demand is going because we are not sure where the global economy is going. This is a situation most people skip when they look at any number of issues from renewables to oil. There are dangerous risks to the global economy. This risks are dispersed making no country immune from other countries issues. It has been amazing how the worlds coordinated efforts have maintained economic activity. It is also scary because the system we grew up with is no longer. We entered a new environment in 08 and have been quickly moving towards managed economics. This managed economics is full of moral hazards and corruption. No one can be sure what will happen the next time a bubble pops. Maybe the fact we are in an economic straight jacket this might prevent panic but it […]