An investment blog written by Chad Brand, President of Peridot Capital Management

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Illustrating the Bullish Case for Oil

Posted on June 24, 2008

Those of you who follow the oil markets know that a core bullish argument for rising oil prices over the long term is the growth in demand from overseas, most notably China and India. Those two countries alone represent 36% of the world population, so if their demand rises steadily, the logic goes, lower oil prices are a tough accomplishment.On Monday a very telling statistic mentioned on CNBC caught my eye. I did not catch the source of the data, so we will have to assume it is correct, but take a look at this:Barrels of Oil Consumed Per Person, Per Year:United States: (25) Japan: (14) ...

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bull market , data , etf , india , markets , short term