Oil at $50/barrel
A 350 meters long cargo ship needs 1 million gallons of fuel per trip. There are giant Cruise ships which are upto 350 meters long and have heights of 22 storey building.
A Airbus 380 Jumbo plane takes 100,000 gallons of fuel per trip. Arab countries are considering buying 100 A-380 planes.
Panana canal is undergoing "widening project" to allow hundred of giant ships to pass through it.
Biggest cargo ship is 490 meters long
So oil will stay at $50/barrel. Demand and supply play the key role determining the price of crude oil (petrol)
See this: https://www.cashbackforex.com
Cars and motorbikes do not run world economy.
UK economy https://www.plantlocator.co.uk
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