I don't know where you heard that but it isn't close to true.
Posted on 09/12/2014 1:47:17 PM PDT by Lorianne
the reality of the Great Depression II is definitely widening, compare with the malaise and stagnation of the period 1938-1941 under the New Deal and FDR. Not until Great Britain came begging to the US with delivery of silver bullion in exchange for war material and war machines was the US even beginning to stir from its economic funk.
The war years were a huge boost to the overall economic health of the United States, even though we paid a fearsome price in terms of battle dead and wounded, and a reckless expenditure of capital we did not have at the time.
Macau revs down for third straight month.
http://www.onlinepoker.net/poker-news/casino-news/macau-casino-revenues-3rd-straight-month-august/24408
Oil prices are too low for producers without refining facilities to break even, but gas prices around some tourist areas on the CO Rockies are around $4 per gallon (some profit there).
growth should not be confused with consumption
although the rate of growth declined, there was still growth
Yes, that would be accurate.
In any other industry, this would have prices plummeting. But not in the oil/gasoline business. Our stations just raised the price about a dime a gallon.
I just "retired" from my "day job", and no longer commute 227 miles 'round trip per day. That reduces fuel demand.
Now I am able to concentrate on my Amsoil business.
On average, each of my customers and dealers, as they convert to Amsoil uses about 8% less fuel.
Amsoil lubricants themselves are not petroleum based, thereby reducing crude oil consumption.
edsanders@edsanders.com for more on the topic.
Given the length of the obama depression, it may not just be the cost of gas anymore. People may no longer be able to buy, maintain, and insure their cars anymore
I don't know where you heard that but it isn't close to true.
Don't know where I saw the stats on it. Wish I did, like to go back and reread it.
Thanks for the correction.
Growth is slowing, but still growing, as it has been for a while.
Really? In what industry do prices plummet when demand growth rate slows, but still grows?
global oil demand growth for has been lowered to 900,000 million b/d in 2014 and 1.2 million b/d for 2015.
They do have an error in their numbers. I don't think the 2014 is going to grow from ~90 million b/d to 900,090 million b/d.
I remember it being discussed here and there was some explanation.
If you will notice the 2 qualifiers, "retail" sales and "refiners".
Refineries rarely sell direct retail of gasoline to the end user. Most of their sales are to someone in the middle, wholesalers, blenders, etc.
That report used to have more meaning, but it is such a small part of the market now, I don't understand why it is still used. It is like keeping track of all the gasoline sales by left-handers with blue eyes.
See post #36. I believe you are likely right in the source of the confusion.
How is Las Vegas doing?
In any industry where the increase in supply outstrips the increase in demand.
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