Another reason Chinese oil demand might drop

[Seleskya + 50]

Lots of talk about the future of Chinese oil demand lately, but the country's switch to high-speed rail is one of the clearer indicators that China's oil demand might not be as much as previously forecasted. 

[TraderTate + 186]

Yeah, I think everyone is underestimating how much this awesome trains will change things. Definitely cutting down oil demand. I mean, we're talking about millions of people traveling here and doing it the high-speed way. 

[Carlsbad + 19]

OP had a good news brief on this ..

https://oilprice.com/Energy/Energy-General/China-Oil-Demand-Growth-To-Slow-Down-This-Year.html

[Marina Schwarz + 1,576]

Yup. And add to this the move away from heavy industries and the longer-term outlook is not so good for the oil industry. Gas should be safe, though.