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    Off The Cuff: Declining Energy Consumption Shows Recession Is At The Doorstep

    Transport fuel volumes & prices are falling fast
    by Adam Taggart

    Tuesday, September 10, 2019, 8:39 AM

    82

    In this week’s Off The Cuff podcast, Chris and Art Berman discuss:

    • Understanding The Importance Of Crack Spreads
    • Diesel Consumption Is Down 500,000 Barrels/Day Since January
    • The Shale Oil Reckoning Is Approaching
    • Key Slides From Art

    Petroleum expert Art Berman explains how crack spreads (the difference between what refiners pay for crude oil and the price they receive for their refined product) and oil demand volumes are indicating the global economy is slowing markedly. Economies need energy to function. Less energy consumed = lower growth and output.

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