Look at the 2008/2009 number on the graph. The American economy went into a deep dive and it’s stayed there, with a bit of wiggle in 2010 and 2011. It’s not good news, it’s not energy, it’s a piss poor economy.
Look at the 2008/2009 number on the graph. The American economy went into a deep dive and it’s stayed there, with a bit of wiggle in 2010 and 2011. It’s not good news, it’s not energy, it’s a piss poor economy.
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except that you’ll notice that after 2009 the numbers started to move back up again. that is all oil/gas related. Now we’re above the top set in 2009 which was bad economy related because the USA wasn’t sucking in imports. The reason the numbers are now above 2009 is because of falling demand for imported oil because of rising domestic oil production due principally to fracking oil in the baaken, eagle ford and a half dozen smaller formations in oklahoma colorado new mexico utah and elsewhere.