Investing in Precious Metals 101 ad

Gas Consumption Way Down…

Login or register to post comments Last Post 1720 reads   3 posts
  • Thu, May 10, 2012 - 03:39am

    #1

    dshields

    Status Gold Member (Offline)

    Joined: Oct 25 2009

    Posts: 385

    count placeholder

    Gas Consumption Way Down…

Gas consumption is way down…

http://globaleconomicanalysis.blogspot.com/2012/05/3-month-gasoline-and-petroleum-usage.html

We are back to gas consumption levels of 1998.  No way the price is back to 1998.  To me this indicates a lot of demand destruction.

 

 

  • Thu, May 10, 2012 - 05:00am

    #2

    Poet

    Status Platinum Member (Offline)

    Joined: Jan 20 2009

    Posts: 976

    count placeholder

    Thoughts on US Fuel Use Decline

The demand destruction is there. But we’re producing MORE than we were in 2008. Big difference? Exports have jumped. The demand is overseas.

You might want to switch over to the following already-existing forum discussion on the same topic, where I’ve laid some charts out.

Thoughts on US Fuel Use Decline
http://www.peakprosperity.com/forum/thoughts-us-fuel-use-decline/72383

Poet

  • Fri, May 11, 2012 - 12:28am

    #3

    dshields

    Status Gold Member (Offline)

    Joined: Oct 25 2009

    Posts: 385

    count placeholder

    Good point – will switch over to the other thread…

Good point – will switch over to the other thread…

 

Viewing 3 posts - 1 through 3 (of 3 total)

Login or Register to post comments