BLOOMBERG.COM
Think instead about the gas-guzzling Ford F150 pick-up truck, which topped U.S. vehicle sales last year. And the Honda Activa scooter, the best selling two-wheeler in India, where demand is soaring. If anyone is going to save the oil market, they are. As a deal among producers to freeze crude output failed last weekend, bullish energy investors should look to gasoline as the main source of strength. From India to the U.S., gasoline consumption is rising, fueled by consumers buying more and bigger vehicles -- and driving more than ever.
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Think instead about the gas-guzzling Ford F150 pick-up truck, which topped U.S. vehicle sales last year. And the Honda Activa scooter, the best selling two-wheeler in India, where demand is soaring. If anyone is going to save the oil market, they are. As a deal among producers to freeze crude output failed last weekend, bullish energy investors should look to gasoline as the main source of strength. From India to the U.S., gasoline consumption is rising, fueled by consumers buying more and bigger vehicles -- and driving more than ever.
Read more>