Friday 7 December 2018

US oil exports, Indian loan growth

The US was a net oil exporter last week, the blue line chart is only up to the prior week. Over the next 5 to 10 years I expect the US to go to a current account surplus as well. 

It is China who is short oil and the US can take market share by disrupting the Gulf in particular Iran.

Growth also looks to be accelerating into next year in India

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