Tag Archives: gasoline

Why is US Oil Consumption Lower? Better Gasoline Mileage?

Posted on January 31, 2013 by

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 →

Posted in Financial Implications, Oil Policy | Tagged , , , , , , , , , , , , | 92 Comments

How High Oil Prices Lead to Recession

Posted on January 24, 2013 by

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 →

Posted in Financial Implications | Tagged , , , , , , , , | 85 Comments

Why High Oil Prices Are Now Affecting Europe More Than the US

Posted on March 5, 2012 by

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 →

Posted in Financial Implications | Tagged , , , , , , , , , , , , , , , | 75 Comments