End of Global Petrol Subsidies

While Washington moves towards action, New Delhi is talking about it…

Governments know, they won’t be able to afford it, forever. Now is a good time to slip the legislation by the voters under the guise of reducing deficits.

Citizens in countries that don’t have similar subsidies in place, will end up feeling a little breathing room and end up consuming more oil sooner.

Countries that force their citizens to start and shoulder the volatility and global prices for energy, will end up struggling out of the recovery even more, and reduce consumption patterns immediately.

Net impact? Bearish for price in the short-term, but it could mean higher consumption rates in the interim. Leading to that inevitable price climb sooner.