oil stocks the next hot sector?

  1. 9,081 Posts.
    MY bet is that oil stocks (producers) within 12 mths. from now will be much higher because of increased world demand - mainly from China.

    The time to get set is before it happens.

    "A report from the International Energy Agency states that Chinese growth in demand has outstripped that of the US for the past three years. The IEA reported that while OPEC took lower than expected deliveries in July, Chinese demand hit 5.59 million barrels a day, up 19.4 pct year on year.

    Over the past three years Chinese demand has outstripped that of the US. The US recorded estimated demand growth of 420,000 barrels per day in that period against China's 730,000 barrels per day."

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.