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Chart Of The Day: Plunging Gasoline Demand vs The "Soaring" Recovery And Record Dow Jones
Let's try to spin this: "Gas demand is plunging on a soaring economy, a record DJIA and a more resilient consumer"... Hm, no, that didn't work. Let's give it another try: "Surge in sales of flaming paperweights known as Chevy Volts leads to a plunge in gasoline demand." Uh, no. One last try: "Consumers migrate to Flintstonemobiles, gas up what internal combustion engine cars they have with redbull vodka"... Sorry, we suck at this "spin" stuff - we will leave it to CNBC. They are the real pros.
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Are you employed in finance, or government? If so, good.
The UN just passed the sanctions against NKorea...
NKorea is fucking pissed and threatens PREEMPTIVE nuclear war...
Yeah this is gonna end well...
When is NK not threatening to destroy something? As soon as they STFU, then I'll get worried.
The Norks are full of shit.
Quick! Look! Over there, a DISTRACTION!
NK is played its part like any old puppet. Whether it realizes this or not it doesn't matter. Budget cuts to the starved MIC are looming and we need someone to be sympathetic! (can you say War Stamps?)
Poor NK, they never did get over being fucked by Billy Clinton.
BTW - This is all part of the encirclement strategy.
If demand goes to zero the country will be energy independent and CNBC can declare victory.
Change!!!
That's why sometimes it's a good idea to use different means to measure by... what's that saying, quality vs. quantity?
WAAY back in the early 1900s we should have been asking what would happen if we built a HUGE infrastructure on a finite resource. OOPS!
Here in Cali we just got a brand spankin' new 3 cent a gallon auto increase in our gas tax.....the official reason being that the gas consumed so far this year is much less than expected, lower consumption this year - not some sudden increase in fuel efficiencies. We wisely protected our state gov. by passing a law that allows automatic tax increases whenever we don't consume enough to reach the gov's target.
Pretty cool ehh?
dumb ass govt's anti-smoking campaign resulting in lower revenues and longer lives so more medical bills. "green" policies so less fuel used and less revenues but they keep increasing spending every fucking year...
You seem pretty 'chee-ree' about that...
Same deal here in NC but different. The gas tax goes up automatically as the price at the pump rises beyond a certain level. But it then never comes down again.
Well, there goes Plan B for me, to beat that dead horse even HARDER!
Govt is only muddling with the inevitable though, as production declines will start to kill margins (and what will businesses be forced tro do to deal with declining margins? glue factories are going to start running faster).
Seriously Tyler. A cartoon doesn't prove anything. Don't let emotion cloud your judgement.
Well, I used my brains and came up with a Fred-Flinstone solution to moving my portable chicken coops: rather than pushing and pulling them, which is hard over rough ground, I go inside and, using eye-hooks and straps, lift and move them quite easily; I have NEVER seen/heard of anyone else doing this.
Think in multiple dimensions... the picture becomes clearer then.
This shit is even getting too expensive to sniff.
Hell of a week to stop, eh?
... as the motor of the world grinds to a halt.
What, no perpetual growth machine? We've been robbed, robbed I tell ya!
http://finance.yahoo.com/news/jcpenney-quietly-firing-more-store-1408018...
I'm not buying anything anymore unless its reduced 90% except for food. Clothes, cars, houses,.....they are all still too expensive and of course.....................................................
I'm a Cheap bastard!
Nothing like humor to drive home reality.
Without a doubt most of the things we've been led to believe have value have little. Paradigm shift coming...
I'd love to compare cheap notes :-)
In 1985 a Honda Civic got the same and in some cases better fuel economy than a 2013 Civic.
The Civic DX got almost 55mpg in the early 80s.
The 1980s actually featured many fuel efficient vehicles due to the 1970s gas crisis.
The mass decline in average fuel economy really didn't start until the SUV craze of the 1990s. People traded in 25mpg cars for 9mpg SUVs. A trend that is just now reversing.
Of course people are still buying SUVs like mad, but they are now getting 15mpg instead of 9. Still very far away from the 1994 Accord the mom traded in for 1996 Explorer.
I used to drive a Honda CRX HF.
People could always choose to drive lighter vehicles, but they won't (I ride a bike).
One time I was driving across the I-90 bridge from Seattle to Mercer Island in a Ford Windstar with my wife and toddler son. I stopped quickly as traffic slowed down. I heard my wife mutter, "Oh my God." I looked in the rear view mirror, saw her eyes, and then we got hit. The sound was like a creaking explosion. There was a spray of glass against the windshield and some vehicle shot passed us on the left.
I looked behind me at my 3 year old, he sat there with glass in his hair. He wasn't even crying - he was fine. I got out of the van and looked at the back. The left corner had been crushed completely to within 6 inches of the middle row seats.
All the traffic on the bridge was stopped, and I rushed to see if the people in the other vehicle - a brand new Lincoln Navigator - we're OK. The Lincoln had almost hopped over the bridge and most of the front end had separated and dangled over the water. There was a very well dressed blond woman sobbing by the car. I asked her if she was OK. Here's what she said:
I am so sorry! I just bought this SUV the other day to be safe. I felt so safe in it! I was looking at the boats on the lake and I don't know what happened! I just felt so safe!
The police report stated that she hit us in excess of 80 miles per hour.
Case and point for the discussion of SUVs in 'The Narcissism Epidemic', well worth a read. Sympathy amigo, car crashes are one of life's crappest experiences, glad all were ok.
She would have seen you if you were driving one of THESE!:
http://www.conquestvehicles.com/knight-xv.html
TFTL - awesome!
That accident I described happened about 14 years ago. It's in my mind like yesterday.
Funny thing, the biggest car my family now has is a four cylinder Subaru wagon.
This is an awesome vehicle... a "journey for the eyes" they call it. Now THAT is a monster of a car!
I just saw one of these on the road:
http://www.renault.com/en/vehicules/aujourd-hui/renault-vehicules-electr...
The return of the bubble car.
What time of day can you drive 80 mph on the I-90 bridge? Not between 6 AM and 11 PM. Not to discount the rest of your story, but I don't think she was traveling 80 when she hit you because someone would have died.
This was 14 years ago, traveling East bound, Sunday in the early evening in the Summer, and the slow down was mid span. Like I said, it crushd our mini van up to the middle row and tore the front end off her massive vehicle. She hit the corner of of our van and basically went through it. The police at the scene said that had she not swerved about 20 feet before she hit us, everybody would have been killed.
Good ending to a very scary story. My wife is still driving the Excursion and she will not give it up for the sake of our young kids. Too many idiot drivers on the roads, too many rigs and heavy duty trucks that could chew up a minivan in a split second.
Mini vans are statistically the safest vehicle you can drive. SUVs are way down the list. I ride a bicycle and occasionally drive a motorcycle.
When your number's up...
edit: Please encourage your wife to look out for small vehicles while she's safely driving in her tank.
We are glad you and yours are loved by that greater power that saved all your lives and you are still here.
Thanks for sharing your story.
Yeah, it's stuff like that makes one wonder about greater powers.
Death is something that only happens to other people.
Peace.
Glad you and your family were ok. Our world is increasingly filled with people not paying attention. Except you don't get more than one life like in most video games.
My first accident ever had a similar feel. Was driving a Delta 88 idling at a stop light in a line of cars. Saw a Toyota Celica in the rear view mirror and knew he wasn't going to stop, so I uttered a warning to my brother in the passenger seat "We're gonna be hit" and instinctively pressed my foot hard as I could on the brake. I recall the screech of his brakes and the impact at about 35-40mph. The other driver's car was totalled, and he was lucky to walk away unhurt. The Delta 88, a monster with oil filled shocks of some sort on the rear bumper, suffered a scratch. And while we hopped a few feet forward at the light, avoided hitting the person ahead of us...
I drive a minivan now for my family - functional and relatively safe.
You should of been cited for not helping! You should have pushed her and her SUV over the railing! </sarc>
Insurance is too cheap, that and fuel prices will rise and start to make a bit of a correction in all of this (though it doesn't do me any good other than reduce my exposure to such things).
Funny, though, as my ex was wanting to buy an Explorer because it was "safer." I said NO and ended up buying her a statistically safe vehicle (which she's still driving- WAY better fuel mileage, not to mention utility). Her blondness really never fully developed, and she is, because I taught her how to be, a good driver (hopefully a better wife now).
I went five years commuting by bicycle. Sadly, my efforts for transitioning have meant that I can no longer do this: straddling two worlds is really hard!
Do Day-Traders use gasoline ?
This is all going to end badly. They couldn't just print the money and walk away. Printing the money was bad enough. They had to print the money, take their cut, decide who gets the rest, and then screw with the markets endlessly. We actually had a chance before that idiotic Obama tax raise. I'm ready for some Smoot Hawley now. These guys never learn.
"This is all going to end badly."
Depends on whose team you're rooting for.
For the Team Unsustainable it's looking bad. For Team Sustainable it's correcting as it was always going to...
"These guys never learn."
I'm afraid that there's nothing for them to learn. Should the leopard look at itself and want its spots to change? It's their nature, they live off of all the lies and deceptions of perpetual growth. Whether they live or die isn't as important as whether their IDEA lives or dies: sooner or later their IDEA runs into FINITE PLANET, but it would be nice to instill upon future generations that this is NOT a path to tread, that such people ought not be listened to lest it all end in quite violent ways (don't the various religious texts warn about this?).
CME Gasoline was at 3.30 two weeks ago.
It's at 3.10 today.
Markets are irrational, especially these days as everything is being done to keep markets up.
Q1 2013 should be interesting.
Obama propaganda is worthy of the Nazis... Goebbels would be SO proud!! I wonder if Polonium was served to the repubs at Obongos gab fest?? Barry is badly leaking oil and needs a boost... and I don't mean in a bath house.
Edward Bernays would be proud. The Nazis were just imitators of American ingenuity.
Truer words were never spoken.
But, BUT... was Bernays a "Democrat?" </sarc> (was smelling a party pussy and was ready to pull out Bernays' name- you beat me to it!)
I am seeing a lot of Tesla's and Priuses in my SV commute. The Tesla's speak to our improving economy as more and more regular folks can afford a $100k car.
Laws outlawing crusin' leads to reduced gasoline demand sparking wildfire recovery and record DOW.
Supply and Demand = Voodoo nonsense
The last cyclical peak is only about 500,000 barrels below the highest demand. Down about 6 percent. Doesn't seem like quite the plunge to me.
And if this had high correlation to the economy then the best years were just recently.
I think zero hedge spun the irrelevant statistic to fit their own purpose
miles driven
So, given that the entire model is based on growth you don't believe that a decline is problematic?
MANY here have questioned where the injection of real growth is going to come from and there is nothing but crickets...
Enjoy the happy pills while they last...
The number is much worse than the chart you showed. We are back to 1980...as much of the number you show is soaring Gasoline EXPORT! Go check it again!
http://www.eia.gov/oog/info/twip/twip_distillate.html
Scroll to bottom, last chart...
Slinkies are cool!
http://www.youtube.com/watch?v=CM_sMM_tvX8
Sing along!
Next stop, 1880... Already getting technology-will-save-us-all folks pitching coal, liquid fuels from coal shit; so, only appropriate that we pick the actuall target date correctly (booming coal era). I'm ready, have chimney brush, will, er a, crap! looks like I have a project for this weekend...
Those asshat shills that claim the US will be a net oil exporter take this graph and extrapolate it whille simultaneously extrapoltating the Bakken production curve...
Any guesses to what might be wrong with that picture?
The Federal government will fail before it can completely strip mine the country and isn't that good at planning?
"Those asshat shills that claim the US will be a net oil exporter take this graph and extrapolate it"
BUT... the broker we get the higher the likelihood that oil exports DO increase. That's how it's in most other countries in the world- oil (and most other natural resources) is exported and the locals don't get much from it.
As you note, however, it ain't going to last... and those looking to make a buck only care to make the buck while there's a buck to make (and then off to the next thing).
Markets are definitely irrational. I know what the technicals are saying and the charts are saying and then there is always gut instinct.
I have to ignore the first two and go with the gut. My mind has been tellin' me to get into more metals now,but my gut is saying this latest rally will end. Something does not feel right about this rally. I still see gold/silver taking a further dive in price.
"Markets are definitely irrational."
Are they, really? I mean, they ride right on top of a highly flawed premise, that we can have perpetual growth on a finite planet.
What we're seeing is the natural trajectory of all of this. It was great during lift-off, and we really did start to believe (hope) that we were actually going to make a break from reality, but alas, the other side of the parabola appears on the horizon. It's all linked. One cannot blame the tail for wagging while simultaneously praising the dog.
"I have to ignore the first two and go with the gut. My mind has been tellin' me to get into more metals now,but my gut is saying this latest rally will end. Something does not feel right about this rally. I still see gold/silver taking a further dive in price."
What are your priorities, your plans? A plan to just stack representative wealth is pretty meaningless: it's more like OCD in that it becomes more about collecting than in doing so with any purpose. If you don't already have an idea on what you'd use those PMs for then how would you know whether you have enough or that you are doing the right thing?
I'm just not seeing that one's time should be spent playing the market game. More time spent here means that you're spending less time on what really matters. Once read a tip from an ocean racer (sailboat) that one ought to not spend so much time on the life-raft, as doing so distracts from making the main craft more seaworthy- if you lose your BIG boat then what do you really expect from your LITTLE one? Yeah, good to apply a big of hedge, but the point is there...
gasoline is like gold in backwardation; some wicked witch must be manipulating the pump; by blowing it to kingdom come!
But, the speculators! (who have a little to do with the rising price, but the Petrodollar is ALL about demand).
When I was working I did a 4000 mile oil change about every 6 weeks. My last oil change was August last year and I just did a 4000 mile oil change. The guys at the oil change joint thought I had died or something. Just saying, anyone else out of work? Ya think???
People don't have to commute much to their "new" job at Starbucks.
How long can the Fed and others keep printing money to prop up the stock markets?
Keep walking and don't look back! (otherwise you risk being turned to stone)
Hillaryous - made my afternoon! Thanks!
Who needs gas these days? I can fuel my car completely with hope these days.
And you can use a dip-stick to check your "change" too!
If .gov and the greenies really wanted to cut gas consumption they would mandate that ALL motor vehicles will no longer be made with auto transmissions. You would have to buy a car with a clutch and you would have to shift gears. I bet at least one quarter of the population would not be able to adapt and they couldn't figure out how to drive.
As much as I'm a "manual" kind of guy (all of my vehicles are manual, except for my tractor [and thank god for That!]) I disagree (and not because of a recent clutch replacement on my econo-four-banger). Automatics these days are far superior to those of yesteryear, they can be programmed to be more efficient, much more so than some idiot who hardly has a clue how to drive could efficiently operate a manual shift vehicle.
Trucks with automatics? Can't go there. But go figure, tractors and automatics rock!
If demand is back to 2003 then why are not prices back to 2003?
One reason is refiners (I read) get paid more to export the gas to other countries than to sell it here. This creates artificial "shortages" that keep prices nice and high.
Is this a serious question?
It's all about imports. US is importing more inflation these days...
Trying to operate plant and equipment at lower utilization rates AND keep retail prices steady AND maintain a profit is a rather hard thing to do.
No one bothered to ask what happens when economies of scale reverse... we're now seeing how this looks.
Two words: Peak Oil.
Try: Peak Growth.
Pinpointing on Peak Oil only allows the flat-earthers (those who believe this is a finite planet, it stretches on forever, something that a spehere cannot do) to concoct some other story for pushing more BS. Get right to the punch line and hit it from the growth angle, because the entire system (that they surf on) is ALL about growth.