From Flavious Smith, Editor, Stansberry Commodity Supercycles:
Don’t be fooled…
When things look bad, it’s hard to imagine anything changing.
Oil prices have been crushed. But the world is about to experience a huge shift. It’s already starting. And I believe it’s going to turn things around for the oil industry – in a big way…
Yesterday, I told you the U.S. is the largest oil consumer on the planet.
Japan uses a lot of oil, too. And again, given our high standards of living, that shouldn’t come as a surprise.
But zoom out and you realize that the total population of both countries is only around 450 million people – around 6% of the world’s population.
Meanwhile, China has a population of nearly 1.4 billion. It uses 4 billion barrels of oil per year – about 11 million barrels per day.