Americans are driving 4% less now than they were a year ago, Rosenberg writes, while energy use in inflation-adjusted terms has dropped 2% - an event he calls "extremely rare."
(This is not Turtle Trader or Trend Following blog. All stock and strategy mentioned in this blog do not represent buy or sell. This is my digital diary to express my thoughts and opinions about the world of investing. Ultimately, you will be responsible for your own decision. Please consult your investment adviser before taking any investment position).
Wednesday, August 6, 2008
Ah, Oil Story again
Real quick as I'm on the road again. Traveling around Bangkok for last few days. A new business is mushrooming all over Bangkok. Workshop converters banners to NGV and LPG are all over the places. Talked to an old friend, converter his BMW to NGV two years ago. You can really see the consumption habits change even those are loaded. Will catch up soon. Crude oil broke below 120 is a good sign for consumers and airlines but bad news to economy. CNN has a story.
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