Wall Street Never Changes

"Wall Street never changes, the pockets change, the suckers change, and the the stocks change, but Wall Street never changes because human nature never changes."- Jesse Livermore

According to Mckinsey and co., If China manages to keep domestic production from its aging fields at the current level (which it can't), it will need to buy 3 percent of the world's proven petroleum assets-- more than the combined reserves of BP, Chevron, Exxon, Royal Dutch Shell and Total -- to meet projected demand until 2025.

In addition to keep up with that demand China needs to build 1 new $2 billion dollar refinery every year for the next 15 years.

And people on the "street" still are debating/ projecting oil and it going lower by half in the next few years.

Barkly is heading north this weekend to see the largest fresh water lake in the world and escape the heat.