Jim Letourneau's Blog

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Oil Consumption - Still Happening

While the recent financial meltdown is slowing down the economy, there is still some hope for resource stock investors. Even in a recession, people like to drive their cars. Transportation demand will decrease somewhat in North America and Europe but we've always been more interested in what is happening in China as that is where the real action is in terms of demand growth.

China's crude-oil imports climbed about 10% in September