--Bretton James (Wall Street: Money Never Sleeps)
Since mid 2009, crude and stocks have been trading pretty much in sync. That correlation began to unravel last May, with oil since plunging more than 25% while stocks have lost maybe 5%.
The last time crude traded significantly weaker on a sustained basis vs stocks was during 2008's swan dive across all markets.
position in SPX
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The DoD uses 360,000 barrels of oil each day. This amount makes the DoD the single largest oil consumer in the world. There are only 35 countries in the world consuming more oil than DoD. The U.S. Air Force is the largest oil consumer within the DoD services.
~dailyenergyreport.com
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