Insider

The Energy-Less Recovery

Wednesday, September 30, 2009, 4:04 PM
Enroll NowFor enrolled members only. Enroll or Sign in to read the full article.

There is such a tight correlation between energy use (specifically petroleum demand) and economic growth that it is almost unthinkable to suggest that one could actually have a recovery in the economy absent a recovery in petroleum demand.

But that's what we are being asked to believe, if we put the results of two separate government reports together that both happened to come out today.  The first says that the US economy shrank by only 0.18% percent in the second quarter, or at an annualized rate of 0.7%.  The second says that oil demand in July retreated to a level last seen 13 years ago.

These do not make sense in the least, and one of them has it dead wrong.  You know where I am going with this already, don't you?

Here's the first:

 

Enroll Now
Or Sign In with your enrolled account.
Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »

 

Related content

11 Comments on The Energy-Less Recovery

Enroll now or Sign In to read all member comments.