people are already cutting down on their driving.
i know some people that have stopped driving their cars and have bought scooters. some have bought push bikes.
demand will slow, especially if asia continue to lift their overly generous fuel subsidies.
imho oil has been driven to unrealistic levels which has placed pressure on equities.
i think big guys have been pushing oil and probably shorting indicies. when they get out of oil the price could fall by 1/3rd to 1/2 very quickly.
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