gus63I think I do have a reasonable understanding of the market. Oil consumption has been growing at 1.4% compound over the last 20 years and is forecast to continue at that rate for the next 10 at least and forecast to continue rising until 2042 by this EIA projection[link below]. That's good enough for me!
https://www.eia.gov/outlooks/aeo/data/browser/#/?id=14-aeo2017&cases=ref2017~ref_no_cpp&sourcekey=0
Millions of barrels, page-25
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $30.20K | 61.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18945 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 6324 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |