Another reason Chinese oil demand might drop

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. 

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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. 

Screen Shot 2018-02-21 at 5.49.01 PM.png

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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.

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