From Euro-Dollar Parity to a Global Energy Crisis
Real Vision: Finance & Investing
00:00
The Three to One Crack Spread Could Be a Bullys Signal for the Oil Price?
The administration is trying to pin the energy prices on essentially price gouging by gas stations and refiners. The crack spread now has found bottom at forty and rallied back to forty six. So, you know, it doesn't look like tas gasolene demand has fallen off a cliff. I generally don't believe that two negative session, two negative quarters of g d p, generally knocks gasoline consumption off a cliff but makes a barely noticeable dent in it.
Play episode from 27:42
Transcript
