Some Common Cents for January 30th 2015

February 2, 2015, by John Norris

I am bullish on energy long-term. The argument is simply too compelling: as emerging market economies, namely India and China, continue to develop and prosper, they will consume more. Period. They will want more protein, even in India, and they will want many of the trappings of perceived Western affluence, namely personal transportation, and preferably a car.

According to an aggregated amalgam of various sources, India has around 25 personal vehicles for every 1,000 inhabitants. China has about 85; Indonesia around 70; Nigeria comes home slightly less than 10, and Brazil is at 200 or so. By comparison, roughly 275 Mexicans out or 1,000 have their own wheels, and about 800 of every 1,0000 Americans do as well…Read On…

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.