Item of General Interest
Jan. 26. I added a new interview with Mo Dawoud of WallStforMainSt.com called "Why Low Oil Prices Won't Help the Economy" on my Presentations/Podcasts Page.
I also added a new Collapse Cafe Panel Discussion on the same page. It is available both as a YouTube video and a mp3 audio only recording.
Tag Archives: gasoline
United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption … Continue reading
There is ample evidence that spikes in oil prices leads to recession, at least in the US, which is an oil-importing nation. James Hamilton has shown that 10 out of the last 11 US recessions were associated with oil price … Continue reading
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading