Influx

Randomly surfing news channels yesterday, I saw an economic analyst from a leading investment bank talk about his thoughts on surging oil prices.

Like a detective he pulled apart pieces of the story. He believed US demand for oil is in decline because people are cutting back on car usage. His theory for the continued rise in prices of crude was demand from China who he believed were stock piling supplies ahead of the Olympics, a process that would soon be over which would lead to a reduction in the price of crude.

His advice to those looking for more direction on this; try and monitor oil tanker movements in Asia.

It isn’t Account Planning or detective work, but it’s close.

Looking at numerous inputs and trying to work out the “Big Why?” is just the same.

If you are interested in tanker movements because you want to play the oil futures market, or are just care about when the price of your daily commute is going to come down, there’s a specialist who provides this data, for a fee.

Posted by Ed Cotton