Mass Transit Exodus

Sam Campagna: Frank, the president sent his limo for you.
Lilly Raines: That's the least he could do.
Frank Horrigan: Good. I love public transportation.
--In the Line of Fire

Implication is that less desire going forward to ride mass transit is bullish for oil.

No one wants to ride packed trains = relatively more driving.

"In Berlin, among the first European cities to relax its lockdown, public transit use remains down 61% while the number of people driving has recovered to 28% below normal normal."https://t.co/Zg1XOWKm5I

— Morgan Housel (@morganhousel) May 11, 2020

More cars, more gas.