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Holiday Week Gasoline Demand Plunges To Lowest On Record

Tyler Durden's picture





 

While Americans were purchasing stuff they don't need with money they don't have to impress people they don't like in the holiday week (but making sure to keep those tags off - you don't get record gift returns if you damage the product or rip the tags off), it appears they did so by walking everywhere. Either that or when it comes to determining real consumer purchasing power, the real answer lies at the pump. According to MasterCard, U.S. gasoline demand sank 14 percent from the prior week to the lowest level in more than seven years of records, as reported by Bloomberg. "Drivers bought 8.16 million barrels a day of gasoline in the week ended Dec. 30, down from 9.46 million the week before, according to MasterCard’s SpendingPulse report. MasterCard’s data goes back to July 2004." So we have just had the lowest gas demand week on record, and that's with gas still at relatively low prices considering what has happened with WTI. One wonders what will happen to end demand when prices finally trickle through. Or perhaps this is all just the central planners' insidious plan to get everyone in America to buy Government Motors magically exploding electrical fire hazard bumper cars? The people demand to know.

From Bloomberg:

Fuel use fell below a year earlier for the 18th consecutive time last week, slipping 3 percent from 2010 levels. Fuel demand over the previous four weeks was 3.4 percent below a year earlier, the 41st consecutive decline in that measure. “We observed a noticeable week-to-week drop in gasoline consumption as many drivers were off the roads due to the holidays,” John Gamel , a gasoline analyst and director of economic analysis for SpendingPulse, said in the report. The week began on Christmas Eve.

Of course the imminent spin is just how many more iPad aps the American consumer can buy with all the extra money "saved" from actually walking for a change. Should be good for at least 10 ES points, which courtesy of 1.000 correlation will send Crude at least $1 up higher...

 


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Thu, 01/05/2012 - 12:19 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Staycation, bitchezzz!!!

 

Disclosure statement: short PCLN

Thu, 01/05/2012 - 12:23 | Link to Comment CPL
CPL's picture

Don't forget, Sears is closing soon and returning something with get far more complex than walking into a store.

 

Might also want to attempt to return the Sears brand stuff for replacement.  They have that life time warranty on their tools and equipment, so if it's only a little broken/scratched, go get a new one.

 

Alternatively, the tool selection at Sears is awesome.  Even without the warranty on the goods, the tools they've developed over a 150 years of retail trade are excellent.  Most of it can be bought for pennies on the dollar now.

Thu, 01/05/2012 - 12:37 | Link to Comment NotApplicable
NotApplicable's picture

I'm assuming the tool brand will survive as it has been franchised. My local Ace Hardware put in an entire Craftsman section a couple years back.

Thu, 01/05/2012 - 12:41 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

My local bank is full of tools, and so is the courthouse downtown.

Thu, 01/05/2012 - 12:46 | Link to Comment tmosley
tmosley's picture

Yeah, but they aren't useful for making anything, only demolishing and theft.

Thu, 01/05/2012 - 13:05 | Link to Comment NotApplicable
NotApplicable's picture

If your only tool is a hammer...

Thu, 01/05/2012 - 12:50 | Link to Comment economics1996
economics1996's picture

Ben needs to print some more fucking money.

Thu, 01/05/2012 - 14:39 | Link to Comment CPL
CPL's picture

I'm looking at a reasonably sized grill and snowblower

http://www.sears.com/shc/s/p_10153_12605_07116143000P?vName=Outdoor+Livi...

 

130 bucks for something with standardized part sizes for easy repair, down from $350.  The rest of them are junk.

 

http://www.sears.com/shc/s/p_10153_12605_07188830000P?prdNo=5&blockNo=5&...

 

The engine is pretty much worth more than the $1000 price tag.  Again, it's a real engine, you can go to a wreckers and pick up parts from any 4 cyc engine and be assured that it will behave itself.

 

If there is one thing Sears has done is enforce standards on part sizes and screw drivers, wrenches, socket sets, etc.  With them dumping inventory online, I'm pretty sure floor items when they start to close the stores will be impressive.

Of course the prices might not seem exciting, but we live in a universe where people line up for iPods that last a year and shrug their shoulders if you mention a steel framed workbench that will last half a century  being on sale for the same price.  I got my Dad's old one, same one being sold now incidentally because it's hard to tamper with refined perfection in terms of a Craftsman workbench.

 

Thu, 01/05/2012 - 12:39 | Link to Comment francis_sawyer
francis_sawyer's picture

"While Americans were purchasing stuff they don't need with money they don't have to impress people they don't like in the holiday week...it appears they did so by walking everywhere."

Funniest fucking opening sentence I've ever read!

Staycation's all I ever wanted (the music video)

http://www.youtube.com/watch?v=sLXlwKbLjDM

Thu, 01/05/2012 - 15:28 | Link to Comment LFMayor
LFMayor's picture

Damn, thanks for bringing those go go's memories.    I would have donated a testicle to be one of their roadies.

Thu, 01/05/2012 - 15:43 | Link to Comment Diogenes
Diogenes's picture

"While Americans were purchasing stuff they don't need with money they don't have to impress people they don't like in the holiday week...it appears they did so by walking everywhere."

Funniest fucking opening sentence I've ever read!

Staycation's all I ever wanted (the music video)

 

Ha ha ha 300 million Americans walking wonder how many tons of lard they walked off their fat asses ha ha ha ha ha

Thu, 01/05/2012 - 19:03 | Link to Comment CJHames
CJHames's picture

He stole it from Dave Ramsey, 'The Total Money Makeover.'   One of the greatest lines ever.

 

Another Ramseyism I love is "where cash is King and the paid off mortgage has replaced the Lamborghini as the status symbol of choice."

Thu, 01/05/2012 - 12:43 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Hey CPL, if you are up for it, can we get in touch off-line? Got something interesting to run by you.

ori

You can leave me a message on the blog. aslice-of-life-in-picts/

 

Thu, 01/05/2012 - 12:44 | Link to Comment jcaz
jcaz's picture

I want to shop at YOUR Sears, then, because Craftsman at MINE hasn't come down one penny;

Nice hyperbole, tho- stoke those fires!

Thu, 01/05/2012 - 12:46 | Link to Comment francis_sawyer
francis_sawyer's picture

They have a lot of "tools" in upper management as well...

Apparently, Eddie Lampert merged the tool department with the executive suite as a cost cutting endeavor...

Thu, 01/05/2012 - 14:00 | Link to Comment trav7777
trav7777's picture

oil PRODUCTION is down, therefore gasoline demand will fall.

Gasoline consumption is GDP like everything else.

Thu, 01/05/2012 - 12:23 | Link to Comment eureka
eureka's picture

Yeahhh! Yubeee! I hate flying and freway jams anyways.

Hey - we can bike on the freeway. How about that. Lots of Fuuunnn!

"One wonders what will happen to end demand when prices finally trickle through"...

Biking the freeway, Dude. It's the new cool. Europeans are going to be soooo envious. US RULES !!!

Thu, 01/05/2012 - 12:42 | Link to Comment Hippocratic Oaf
Hippocratic Oaf's picture

Just as Obama wants. Won't let us drill, won't let us pipe it down, fuckin' up foreign oil relations etc.

Going green is turning brown and his actions are totally destroying the economy (what's left of it)

 

Thu, 01/05/2012 - 14:02 | Link to Comment trav7777
trav7777's picture

uh...DEMAND fell.

People are driving less...this is an inevitable consquence of gasoline persistently OVER $3/gal.

Much as morons like Robotard trumpet the "collapse" in gas prices, you can hardly call $3.50 a gallon a collapse or any kind of low price point.  This input cost to doing everything trickles through all phases of the economy.

Thu, 01/05/2012 - 12:24 | Link to Comment Jay Gould Esq.
Jay Gould Esq.'s picture

How many more ways can the story be told ?

They can supress rates, print, subsidize, write-off, defer, inflate, and bail out all they wish, but all for nought -- it is but pushing on a string.

This is a depression.

Thu, 01/05/2012 - 12:28 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Triple digit WTI says someone somewhere is demanding.

Thu, 01/05/2012 - 14:05 | Link to Comment trav7777
trav7777's picture

let's use export land model to figure out what happens when nation after nation drops off the exporter list.

WHERE is the US's oil gonna come from?  Consumption has no choice but to fall in importing nations; there is FAR LESS oil now available for import.  THAT is what the WTI and Brent numbers indicate!

People focus on production and never look at how importer nations get their oil.  Average time between peak and importer status is 7 years.  After that point, nations aren't exporters any longer.  Look at the UK, Mexico, Indonesia.

Thu, 01/05/2012 - 14:11 | Link to Comment Seer
Seer's picture

Exactly, Trav!

I've been pointing this out for years.  It's peak export, not peak production that we'll experience first.

This is why some countries are absolutely screwed: UK, Japan etc; US still has a fair amount, but only if it were to really reduce consumption (and then this ONLY delays the inevitable).  Russia and Canada are OK, though they rely on money from exports.

In the end we'll ALL be holding hands and jumping over the cliff...

Thu, 01/05/2012 - 13:54 | Link to Comment Meremortal
Meremortal's picture

"This is a depression."

It only took you 3.5 years to figure that out?

Thu, 01/05/2012 - 12:39 | Link to Comment fonestar
fonestar's picture

Participaction and excercise bitchezzz!!!

Thu, 01/05/2012 - 13:06 | Link to Comment lolmao500
lolmao500's picture

Or perhaps this is all just the central planners' insidious plan to get everyone in America to buy Government Motors magically exploding electrical fire hazard bumper cars? The people demand to know.

Which costs $250k per car to taxpayers.

http://www.michigancapitolconfidential.com/16192

Thu, 01/05/2012 - 12:42 | Link to Comment vast-dom
vast-dom's picture

That's exactly where I went without any shit that no one needed....best things in life: free and priceless.

 

Thu, 01/05/2012 - 12:52 | Link to Comment DCFusor
DCFusor's picture

Tyler's just jealous of my new Volt, which I charge off my solar panels and which uses no gas - while probably being quicker than his euro-trash sporty car.

Or that I got some of our bailout money BACK, while he didn't.  Sour grapes, bitchez.

Sure, NHSTA managed to get one Volt they total-lossed in a side pole impact crash to catch on fire - 3 weeks later.  Wow, I'm really fucking scared I might be burned alive after being left in a totalled car for three weeks.  As if - that's right, gasoline powered cars NEVER catch on fire, do they?  When they couldn't get it to happen again after totalling some more cars, they tried just batteries - and still couldn't get a fire, just a few sparks.

But constructive solutions to real problems don't get much shrift here - more fun to do the gloom porn all the time with no balance, eh?

And no, while I have long hair, I'm no leftie-lib-hippy.  I'm a mountain man who decided to take power away from TPTB by not having to subscribe to the oil companies, or the power companies or much of anything else.  I'm starving the beast.  Y'all are just talk - I'm taking action.

 

You'd think even Tyler could figure that one out - and not fall into the astroturfing dissing created by TPTB - big oil, on what is actually a very good car.  When this battery issue came out, the response of thousands of owners here was "from my cold, dead fingers you assholes".  It's not a GM affiliated site.  Kind of says it all.  Y'all want to live in the past, like towel head Muslims, go for it - but let me move on.

 

Thu, 01/05/2012 - 12:57 | Link to Comment jcaz
jcaz's picture

Wow- somebody actually bought one of those pieces of shit......

 

Thu, 01/05/2012 - 13:01 | Link to Comment tarsubil
tarsubil's picture

While slow, cramped, slightly explosive, and having no trunk space, it is also expensive even after hundreds of thousands of subsidies. Buy one and tell the man you're nobodies fool!

Thu, 01/05/2012 - 13:29 | Link to Comment DCFusor
DCFusor's picture

Go ahead and starve to death sitting on your imaginary stash of gold when you can't get to where anything to eat is with it to survive.  Slow?  Cramped?  Obviously  you've never driven one.  Go suck big-oil cock.  Expensive compared to what?  It's not a 40k cruze - it's a 40k BMW or Audi.  The other day I put two full size bicyles into the hatch with room to spare (to sell someone, it's too hilly where I live for biking) - and didn't have to remove any bike wheels to do it.

 

I now burn more gas in lawnmowers and chainsaws than in my car.  You think that's a worthless feature?  I'll have the last laugh on that one.

 

You just gotta love ignorants who can't even astroturf with facts and just have to make shit up.

Thu, 01/05/2012 - 13:43 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

DC Fusor is just jealous of my new colt, which I feed off my pasture and which uses no gas or electricity - while probably having better range than his Detroit-trash electric car.

Or that I got some of our fertilizer out of his BACKSIDE, while he doesn't. Sour grapes, bitchez.

Sure, Christopher Reeve managed to get total-paralysis in a sand hole impact crash after trying to jump in a hunter ring for the first time. Wow, I'm really fucking scared I might be paralyzed after taking jumping lessons for three hours. As if - that's right, electric powered cars NEVER cause paralysis, do they?

But constructive solutions to real problems don't get much shrift in D.C. - more profitable to do the government will provide a solution porn all the time with no balance, eh?

And no, while I have a long shlong, I'm no stallion. I'm a horseman who decided to take power away from TPTB by not having to subscribe to the car companies, or the power companies.  I'm starving the beast. You are just talk - I'm taking action.

You'd think even you could figure that one out - and not fall into the astroturfing dissing created by TPTB - The Big Three, on what is actually a very good mode of transportation. When this Superman paralysis issue came out, the response of thousands of owners was "he was just an actor, not really Superman, you assholes".   Kind of says it all. Y'all want to live in fantasy land, like Los Angeles commuters, go for it - but let me ride on.

 

Thu, 01/05/2012 - 13:47 | Link to Comment Slartebartfast
Slartebartfast's picture

Sweet!  Do you work at The Onion?

Thu, 01/05/2012 - 13:51 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

I grow them.  Does that count?

Thu, 01/05/2012 - 14:31 | Link to Comment DCFusor
DCFusor's picture

Actually, I have no need to be jealous there.  I have horses too - real ones, and so do many of my neighbors.  They're not as fast or as comfortable as the best piece of american engineering to appear in a very long time - actual MAKING STUFF IN THIS COUNTRY like so many here complain we don't do enough of.  The horses are nicer to pet, but much more expensive (you have to feed them even when you're not riding) and smellier.  And more work.

If you're going to complain that we don't make stuff here - stop trying to prevent anyone who does from selling it, jerks.

Good satire, though.  I have a sense of humor, and am looking for some flame decals to apply to my Volt, actually.  Should draw in even more chicks.

Guys, just go drive one and then comment.  They're really nice works of engineering art.  And don't forget - a bunch of car companies got those subsidies too - but never made ANYTHING decent if at all for them...And gawd, Ford uses microsoft software.  Whole new meaning for "the blue screen of death" eh?  Where's my electric Ford or Chrysler?

Meanwhile, I gotta drive up to the county seat, using electricity I've gotten from the sun today - fuel cost == 0, it's extra from my solar system after my house batteries hit full charge.  Even in winter.

Being ready for the worst is more than having a stack of gold, guns, and beans, you know.  I have them too.  And not imaginary, like most of the "internet tough guys" here - I'm a gunsmith and competitive shooter, and some of that gold is trophies from wins.

Enjoy your laughs - I'm about to have mine.  There are plenty of jokes to go around.  I just like it better if they're truthful.

 

Thu, 01/05/2012 - 16:19 | Link to Comment Seer
Seer's picture

"If you're going to complain that we don't make stuff here - stop trying to prevent anyone who does from selling it, jerks."

What UTTER BS!

I spent energy battling against the ethanol lobby (which had idiots on the Left believing that they could have their eco-friendly fuel, and the wealthy "businessmen" on the Right who were looking for handouts from the govt).  According to your statement I was a "jerk" for doing this.  According to your statement EVERYTHING, no matter how fucking flawed, no matter how much subsidies have to be poured in to it is justifiable?

Fuck you!  Fuck you for assuming that I should be made to subsidize UTTER BS!

"Meanwhile, I gotta drive up to the county seat, using electricity I've gotten from the sun today - fuel cost == 0, it's extra from my solar system after my house batteries hit full charge.  Even in winter."

And who the fuck paid for those roads?  And who subsidized those technologies?

Over-spec'd your solar system is what I read: yeah, I know solar systems.

2/3 or the world's population lives on $3/day or less.  You're a fucking braggart prick, plain and simple.  Chickens will come home to roost: Lightning bolts on your car and your  solar panels will be target practice for lots of folks...

Thu, 01/05/2012 - 14:40 | Link to Comment Seer
Seer's picture

I'm not a horse person (though I was around some when I was younger), and I have no interest in having any (save the grass for the meat animals [though horses are likely to make a bit of a comeback here], but...

My hat's off to you!  Nothing like aligning things with REALITY!  Horses don't need asphalt :-) (one of the points that Mr. "I'm totally OFF the grid and I drive a Volt" and others like him ALWAYS miss)

Thu, 01/05/2012 - 22:54 | Link to Comment StychoKiller
StychoKiller's picture

Hedgeless_horseman FTW! :>D

Thu, 01/05/2012 - 14:23 | Link to Comment Ace Ventura
Ace Ventura's picture

What sort of MPG do you get? Does this 40k 'BMW' of yours use a gasoline engine to continually recharge the battery? If so, how do you know when the battery is running low in terms of overall charge-life? Can you say with any level of confidence that you won't reach a point where your car is running mostly off its gasoline engine as the battery life wears out? Have you checked into how long the battery in those things is supposed to last before requiring replacement? How about the costs associated with doing that?

Lastly: Just how far can you ACTUALLY go in that thing on electric power ONLY?

 

 

Thu, 01/05/2012 - 14:45 | Link to Comment DCFusor
DCFusor's picture

On pure gasoline, it gets about 40 mpg - not that great, but reasonable.  It's a heavy car which hurts that, but adds to the luxury, very tight - no frame flex, front suspension is all Bosch parts (same as that Audi or Beemer).  The engine does NOT run all the time, and in fact many people have put 10k miles on the older Volts without it running at all, other than the forced monthly start they have programmed in to keep it oiled.  It's the same variable cam timing 4 banger they use in the Cruze, without the turbo.  You can command it to run, in which case you can get both electric motors and the IC engine involved - at that point it's a rocket.  Not like my LS3 Camaro SS, but then the gas mileage is a little different.

I get roughly 45 miles on a charge, all electric, living in the mountains.  If I have to do a longer trip, the engine will cut in at about 10% battery left - they keep some reserve on both ends since the electric is where all the peak power and torque comes from.  I live near the top of a mountain, and I get about 4-5 extra miles worth of charge going down as I go someplace from regeneratibe braking.  But of course, coming home I have to climb that, and often turn on the engine on purpose since you can really use the extra power in that case.  Of course, it depends on how you drive.  If you're constantly blowing off "sporty cars" at the stoplight derby, the range goes down.

That 40-50 miles (the record is about 70) costs you 13.5 kwh - at 10c each, that's pretty cheap even if you have to pay for the electricity, unlike me.

At any rate, here, where it's 10 miles to the nearest "anyplace to buy beer or munchies" - I use zero gasoline in it.  In winter I might force the engine to run to get heat quicker, that's about it.  Nice to have the choice at all times.

The warranty on the batteries is 6 years and 100k miles - free replacement, no pro rata.  You are very aware of battery capacity at all times, since there's real time data aquistion on the color screens in the car for that.

I like also having the unlimited range the IC generator/engine gives you - that idea that I could just drive cross country isn't real in a pure electric.

The car has a bunch of modes - you choose.  The software is pretty impressive.  The bling in the dash is attractive - it's like a star trek cockpit.  Nice color touch screens kind of stuff.  Stereo kicks total ass.  Built in sat phone and nav.  Leather...all the nice things.

More on my forums:

(including video)

http://www.coultersmithing.com/forums/viewforum.php?f=48

 

If y'all haters want to hate it, fine - you're the loser in the end - you paid for subsidies *I* got - suckah.  At least stick to facts, if that's not too hard, instead of reguritating Faux news, which only makes you look like a tool.  What does it look like to stick a hose in your car's ass?  Who's doing the bending over, again?

 

Thu, 01/05/2012 - 15:32 | Link to Comment LFMayor
LFMayor's picture

Simon, dammit, we know it's you.  Even though there's no mention of you almost losing your fedora as you base jumped at Angel Falls last week.

Thu, 01/05/2012 - 20:14 | Link to Comment UP Forester
UP Forester's picture

What's the mileage when you're stuck in a snowdrift in below zero weather?

And how long can you keep warm in said weather, running on this wonderful new technology?

 

I wouldn't touch one of these with a 10-foot fiberglass pole.

Thu, 01/05/2012 - 22:44 | Link to Comment tarsubil
tarsubil's picture

"The bling in the dash is attractive - it's like a star trek cockpit."

Oh, this is satire. My bad. Sorry dougie!

Thu, 01/05/2012 - 15:04 | Link to Comment jcaz
jcaz's picture

Plus U spel gud too.....

Insecure much, dude? 

We get it-  you're not really a pipestem-armed geek, desperate for attention and to show the world you're not the loser your boss says you are.

That you don't have a clue as to the cost/subsidy basis of what you're driving is exactly the sort of ignorance that we find amusing......

Heard this same sort of Kool-Aid when GM snowed people with the Saturn and Geo, too-  problem is, those models hung around longer than the Volt will;  

Watch for the inevitable class-action by shrieking in-the-closet Volt owners, cue in 5...4...3...2....

Thu, 01/05/2012 - 17:33 | Link to Comment Seer
Seer's picture

Recently read of one woman (CA?) who opted to NOT join in on a class-action suit against Honda (Civic hybrid?) for her car getting only 30mpg: she was offered a paltry amount and opted to go to court on her own.  Something about limited lifespan of the batteries, I think.

People sure do fall for marketing schtick!

Oh!  Here's an article:

http://www.cbsnews.com/8301-201_162-57351325/honda-sued-over-civic-hybri...

Remember too that Toyota muted their Prius claims a couple years back.  So, yes, thinking that revised numbers only happen with economics, well...

Thu, 01/05/2012 - 22:24 | Link to Comment tarsubil
tarsubil's picture

The cruze eco starts at about 20k. The volt starts at 40k.

http://www.chevrolet.com/ 

How many more imaginary cars do you own?

Fri, 01/06/2012 - 08:46 | Link to Comment BidnessMan
BidnessMan's picture

Wow.  An American company comes out with an innovative product that addresses a real problem, and ZH Luddites are bashing it?  Lot of merit in the concept - with the average commute of 20 miles it makes a lot of sense.  I didn't like the GM bailout either, but that does not mean the Volt is not a good concept. And the reports are generally very favorable.  Don't doubt that someone can find a fault with anything.  Easy to come up with 100 reasons why something will not work. Any dipshit can do that.  I am much more impressed with someone who goes out and actually does something.  Does it have to be perfect on version 1.0?  Nope. And it never is.  The gas tank of any gas-powered car is a rolling bomb, and we let our Grandmas get in them every day without a second thought.  At $40K price point for a Volt is too high for the aveage smo when gas is $3 a gallon and a perfectly fine gasoline engine car costs $20K.  But that will not be the case with $10 a gallon gas.

So my appreciation to the ZH Luddite Volt bashers and the press writing hysterical articles about one Volt battery catching on fire.  After considerable effort to make it catch on fire.  With any luck the Volt price will drop and I can get one cheaper.  The business case of replacing my M35 does not work at $3 per gallon gas.  But that will soon change as the M35 wears out and gas goes to $10 a gallon.  Spend my soon to be rapidly depreciating dollars on a Volt, and zip by all the Luddite naysayers stranded on the side of the road begging for gas and waiting in 1974 gas station lines....  My vacation hideway is within 10 miles of a very reliable nuclear power plant, so I will have electricity to recharge the Volt regardless.

 

 

Thu, 01/05/2012 - 12:59 | Link to Comment tarsubil
tarsubil's picture

Who brags about owning a Volt?

Thu, 01/05/2012 - 13:08 | Link to Comment NotApplicable
NotApplicable's picture

Yer funny. +1

Thu, 01/05/2012 - 13:12 | Link to Comment francis_sawyer
francis_sawyer's picture

Tyler's just jealous of my new Volt, which I charge off my solar panels and which uses no gas - while probably being quicker than his euro-trash sporty car

---

I'm really looking forward to a big fucking EMP to come along in 5...4...3...2...

Anybody with me on that?

Thu, 01/05/2012 - 13:31 | Link to Comment DCFusor
DCFusor's picture

If so, I'll be the guy making it.

http://www.coultersmithing.com/forums/index.php

The Volt is really resistant to things like that - it's heavily shielded to keep the EMI it *creates* in so other things aren't harmed by it.  That many kilowatts of fast-risetime AC from the inverter that drives the motor is no joke.

Thu, 01/05/2012 - 13:40 | Link to Comment Hephasteus
Hephasteus's picture

When that battery wears and degrades you might as well be sending a request to the IDF to come burn you with white phospherous. It's NEVER going to malfunction or cause problems unless it's under extreme use or charging though more than likely. So you are either going to floor it one day and end up a flaming fireball or plug it in one night and end up a flaming fireball.

It's not guaranteed but you are serverly compromising you chances of not leaving this earth as a burn victim.

Thu, 01/05/2012 - 15:44 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

"...we are doing all we can to prevent thermalization here..."

 

http://www.coultersmithing.com/

 

You haven't quite sold me on a Volt, Doug (aka dcfusor), but I do like your style.  Welcome to Fight Club.

Cheers, and drink a Miller for me.

Thu, 01/05/2012 - 15:40 | Link to Comment LFMayor
LFMayor's picture

naw, it won't burn. Much.  Worst thing is a CSM-101 will step out of the sphere field it creates when it lets all the smoke out.

Thu, 01/05/2012 - 13:47 | Link to Comment francis_sawyer
francis_sawyer's picture

Fuck the Volt... I'm more concerned with the cheap Chinese solar panels...

The Volt will make a nice planter some day...

Thu, 01/05/2012 - 15:34 | Link to Comment LFMayor
LFMayor's picture

When you plug it into the charger, does the field make your pee pee tingle?

Thu, 01/05/2012 - 13:41 | Link to Comment Turkey
Turkey's picture

You undertand your post 1998 car will not function after an EMP right?  I love zero hedge but the libertarian bent just sucks in the stupid with a tenacity that black holes would envy.  Hating on electric cars is like hating on blenders, if you don't want a blender don't buy a fcking blender.  Dont tell me blending sht is evil or stupid, it's a blender.

 

The problem with America is you. You reading this now.  Suck it up and do something productive like getting laid. 

Thu, 01/05/2012 - 13:54 | Link to Comment Slartebartfast
Slartebartfast's picture

Actually the real testing done on EMP weapons showed they're not very effective against small electronics, like automobiles.  Only running vehicles were effected at all, and they only stalled.  There was no problem re-starting them.

EMP is and always has been a weapon against power grids, radio stations, anything with a long conducting "antenna", to soak up the EM waves and dump them into the attached components.  Cars, PC's, Cell Phones, all that stuff is unaffected.

How much good will they be if the grid is fried?  I hope we never have to find out.

Thu, 01/05/2012 - 20:16 | Link to Comment UP Forester
UP Forester's picture

How big is an EMP weapon compared to a Carrington Event?

Thu, 01/05/2012 - 14:01 | Link to Comment francis_sawyer
francis_sawyer's picture

You undertand your post 1998 car will not function after an EMP right?

Of course I do... Which is why I own a cheap 1990 Ford pickup with spare parts that I rarely drive (because I'm normally too busy getting laid)... I've actually converted the engine to run on propane...

Any more helpful suggestions?

I'm not HATING on electric cars... Hell - I also have an EZ-Go golf car for tooling around the acerage...

I also have a couple of blenders... I think they're rather handy...

I just think that Chevy Volts will, in the end, go the way of 8 track tapes, and the gentlemen in question will eventually look back on this day and realize that he was bragging about owning a $40,000 8 track tape machine...

Hell, one could get laid all the time with that kind of semolians... I sure hope he didn't FINANCE it (& put $40,000 of debt into the system), that was retranched, rehypothecated, and levered up 100x so that bankers could figure out a way to fuck us all with it...

Then I really WOULD be hating...

Thu, 01/05/2012 - 17:19 | Link to Comment Turkey
Turkey's picture

Soudns like you're set.  So why all the bitching?

Thu, 01/05/2012 - 17:52 | Link to Comment Seer
Seer's picture

Because of this?

Chevy Volt Costing Taxpayers Up to $250K Per Vehicle

http://www.michigancapitolconfidential.com/16192

Really, think about it, the entire Ponzi set up to create a massive FAILURE using OUR labor!  Meanwhile, for the bulk of humanity that lives in the REAL world -2/3 of the world's population living on $3/day or less- the clarity of this insanity is all too easy to not see.

Thu, 01/05/2012 - 18:17 | Link to Comment Turkey
Turkey's picture

Agreed, so thank your lucky stars you aren't one of the two thirds.  Add value as you can.  Your reasonable responses indicate you are.  I get irritated by all the bitching, pardon.

Thu, 01/05/2012 - 13:57 | Link to Comment Meremortal
Meremortal's picture

You were really stupid enough to buy an underpowered coal powered 'electric' car that runs mostly on gas and costs a fortune?

You lie, you aren't that dumb.

 

Thu, 01/05/2012 - 13:59 | Link to Comment Tortfeasor
Tortfeasor's picture

"starving" the beast by feeding it $40,000 of your money? Perhaps u should recheck you logic diagram again.

Thu, 01/05/2012 - 14:07 | Link to Comment trav7777
trav7777's picture

why the hell didn't you get a Leaf or an e-Drive Prius?  R U stupid?

Thu, 01/05/2012 - 14:57 | Link to Comment DCFusor
DCFusor's picture

Drive them all first, than ask again.  And try going more than 100 miles in one and see how sore - or late - you are.

Thu, 01/05/2012 - 14:20 | Link to Comment IQ 101
IQ 101's picture

Er.......Where does electricity come from?

"starving the beast" ?       yikes.

Thu, 01/05/2012 - 14:56 | Link to Comment DCFusor
DCFusor's picture

The electricity comes from my solar system.  No coal involved.  I paid cash, and traded in a 2010 Camaro SS for it.  Sure it will be obsolete - everything physical has that attribute.  I'm having fun while I can - I won't live forever either.  I make enough to take advantage of the tax break so it was a good bit cheaper.  If something better comes along, I'll just buy that and yes, make the Volt into a planter if it's not useful anymore the way it is.  So?

When these burn (one entire example exists - many have been totaled with no fires) it's like thermite, not the fireball you get from a gasoline fire.  You just walk away. The 5 star crash rating makes that a little more likely.  The battery is encased in coolant (antifreeze).  They had to let all that out first to get a fire in the one total loss crash test that produced one weeks after it all leaked out.

Get the facts, not the spin, brought to you by big oil's lunch money, don't be a tool.  This was car of the year for a reason.  Actually, a bunch of reasons.

Unlike the banks, the power company and big oil, GM is just an outfit that pays people to build cars I like.  They aren't the beast.  And, UAW effectively bought the Camaro for me - I shorted 50k shares of GM going into bankruptcy, when they were the only people stupid enough to be long GM.  Thanks, it's the one good thing unions have ever done for me or anyone I know.

 

Thu, 01/05/2012 - 16:13 | Link to Comment francis_sawyer
francis_sawyer's picture

So now you're telling me that your new Volt also gives you "stock shorting" tips & investment advice as well... By the length of your posts, it appears that it has electrically energized your fingers and unlocked whole new regions of your brain...

So I'm guessing you went 'all in' and got the super sport model with those added features on the driving panel...

How far does it go when the heater is running full blast & can you run the wipers?

Of course, now I expect to hear that it's always 70 degrees and sunny where you live...

Thu, 01/05/2012 - 18:32 | Link to Comment Seer
Seer's picture

"Of course, now I expect to hear that it's always 70 degrees and sunny where you live..."

And not a discouraging word was heard...  Crap!  Why the heck is this person even here?

Thu, 01/05/2012 - 20:51 | Link to Comment smiler03
smiler03's picture

Tyler's just jealous of my new Volt, which I charge off my solar panels.

I call Shenanigans on that. You must have a solar power farm about an acre in size, and maybe only do 10 miles a month in it.

Thu, 01/05/2012 - 12:19 | Link to Comment PicassoInActions
PicassoInActions's picture

i know you guys hate CNBC clowns but it's an interesting article.

Damn i want ferrary and income under 30k

http://www.cnbc.com//id/45885565

Thu, 01/05/2012 - 12:26 | Link to Comment eureka
eureka's picture

Picasso IA - does that mean Italians hate paying taxes as much as US'ians do?

Wouw, who knew.

Thu, 01/05/2012 - 12:19 | Link to Comment SolidSnake961
SolidSnake961's picture

walking bitchez!

Thu, 01/05/2012 - 12:27 | Link to Comment Conrad Murray
Conrad Murray's picture

Big fat American pigs walking? Not a chance. Billy Bob's car got repossessed, Tyrone is in jail for stealing copper, and everyone else is so full of narcotics they couldn't be bothered to get off the couch to run through the woods to grandmother's house to eat cat food.

Thu, 01/05/2012 - 12:30 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Tyrone the Cu thief has been set free. California says no more free lunches... or board.

Thu, 01/05/2012 - 12:42 | Link to Comment yabyum
yabyum's picture

Conrad, The meth dealer just lives down the street, "dont need no car" Too lazy to work, too nervous to steal.

Thu, 01/05/2012 - 13:13 | Link to Comment dolph9
dolph9's picture

Yep, fits what I see every day.

Thu, 01/05/2012 - 13:24 | Link to Comment chunga
chunga's picture

David Allan Coe

Walkin' Bum

Thu, 01/05/2012 - 12:46 | Link to Comment Eally Ucked
Eally Ucked's picture

Too long distances, one more war and I think the most sought after models for the transportation purposes will be young mules and donkey's, more economical than horses.

Thu, 01/05/2012 - 12:19 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Standstill.

Thu, 01/05/2012 - 12:20 | Link to Comment PicassoInActions
PicassoInActions's picture

i still don't get the oil price.

Iran said they have bigger dick than EUA , EUA said they will poump as much as iran will withold.

SO why the price of OIL is so fucking resilent? JPM still trying to unload their $105 purchase from 7 month ago?

Thu, 01/05/2012 - 12:25 | Link to Comment SheepDog-One
SheepDog-One's picture

I look at it as oil is now in a war market. No demand here in the US, so gas has dropped to $2.99 (yet still expensive) with oil at $103. All war preps.

Thu, 01/05/2012 - 12:48 | Link to Comment PicassoInActions
PicassoInActions's picture

i would love to have gas now at 2.99.

Cheapest in SOuth FLorida is 3.31 for regular. 3.70 for premium.

Still cost me around 70$ per week on driving.

Thu, 01/05/2012 - 12:57 | Link to Comment tekhneek
tekhneek's picture

What the fuck are you driving?

I spend $35 every 3 weeks on fuel...

Thu, 01/05/2012 - 13:42 | Link to Comment PicassoInActions
PicassoInActions's picture

Lexus es 350 and push on average 29 miles per galon.

THe job is not cross my house , i drive every day 1 hour to work and back.

Cant be picky this days.

Thu, 01/05/2012 - 14:34 | Link to Comment Ace Ventura
Ace Ventura's picture

$35 every THREE WEEKS? What the heck are YOU driving? Or are you driving to work and back only once a week or something?

Not flaming you, just curious?

Thu, 01/05/2012 - 12:26 | Link to Comment CPL
CPL's picture

That's the paper trade.  Try buying physical right now...silver, gold, sweet light crude...there is a finite amount of it.  When you see an ETN trading in that range for any of the above, slap another 3-5% on that price for oil, another 7-9% for metals.

 

People can bid paper all they want, but if you actually want it in your hand, that's the expensive part.

Thu, 01/05/2012 - 12:56 | Link to Comment francis_sawyer
francis_sawyer's picture

"People can bid paper all they want, but if you actually want it in your hand, that's the expensive part."

Yeah that's the thing alright...

To wit: You never see paper derivative markets in prostitution do you...

"Oh... that blob job will cost you $50 bucks... Let's create a paper market for it and lever it up 100x... Then, when the 'short sellers' from THE MORGUE can get in there and knock the price down to $5 will LOVE YOU LONG TIME..."

Thu, 01/05/2012 - 12:29 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Gasoline demand in the US has been dropping in terms of vehicle miles driven. But we now export gasoline due to rising global demand. We ain't the only game in town. As for crude we still import near 50%. And crude is becoming more and more expensive to produce and transport with lower product yields due to inferior grades. 

Thu, 01/05/2012 - 12:40 | Link to Comment NotApplicable
NotApplicable's picture

Damn foreigner's, buyin' all our gas!

Thu, 01/05/2012 - 12:55 | Link to Comment FeralSerf
FeralSerf's picture

They want the diesel, not the gasoline.

Thu, 01/05/2012 - 13:11 | Link to Comment prodigious_idea
prodigious_idea's picture

Demand comes from higher petrol refining capacity of the US

Thu, 01/05/2012 - 12:58 | Link to Comment Nacho.Libre
Nacho.Libre's picture

because it's all about the Benjamins?  I've got a new oil pipeline I need to fill and I've got to make up my overrun costs.

 

http://m.arabianbusiness.com/uae-bypass-strait-of-hormuz-with-new-pipeli...

 

Thu, 01/05/2012 - 13:02 | Link to Comment Zadok
Zadok's picture

Inflation, or stated another way, currency dilution.  Increased fiat chasing decreased demand, hence price remains somewhat constant.  Any way you slice it, the 99% are slipping value from their fingers.  

Thu, 01/05/2012 - 13:16 | Link to Comment NooooB
NooooB's picture

I'm going to say because it's winter.

And because of this Iran bullshit.

And because of farming.

And because of energy production.

And speculation.

And

And

And....

Thu, 01/05/2012 - 12:21 | Link to Comment JustObserving
JustObserving's picture

Everyone got a Prius for Christmas.  

Thu, 01/05/2012 - 12:31 | Link to Comment Caviar Emptor
Caviar Emptor's picture

It's not "fuel efficiency" causing the drop in gasoline sales. DMV and AAA report total vehicle miles driven in the US have dropped 2 years running. never happened. 

Thu, 01/05/2012 - 12:43 | Link to Comment JustObserving
JustObserving's picture

Sorry I was just being sarcastic - if consumers have no money for gasoline, they are unlikely to have money for a Prius.  Besides, there are 260 million cars and light trucks in USA and annual worldwide Prius production is about 1 million - not enough to make a dent of even a fraction of a perecent in US gas consumption.

Thu, 01/05/2012 - 16:14 | Link to Comment dtwn
dtwn's picture

Perhaps we missed the Black Friday Prius riots?  Complete with pepper spray.

Thu, 01/05/2012 - 21:01 | Link to Comment smiler03
smiler03's picture

A Prius has lower fuel economy than a BMW 3 series sport diesel.

"This showed that in its tests a BMW 320Ed small executive saloon managed 64.2 miles to the gallon - ahead of the Prius's 61.4mpg. Over a year's driving of 12,000 miles, the BMW will cost £1,120 - or £51 less than the Prius at £1,171.


Read more: http://www.dailymail.co.uk/sciencetech/article-1384129/Diesel-cars-better-hybrids-fuel-efficiency.html#ixzz1idSJEXjC"

Am I also the only person in the world who thinks a Prius is probably the ugliest car this century? 

Not to mention the huge difference in driving enjoyment.

Thu, 01/05/2012 - 12:22 | Link to Comment Conrad Murray
Conrad Murray's picture

Better fuel economy thanks to Barry Soetoro and the courageous patriots at Government Motors. /RB SELL SELL SELL

Thu, 01/05/2012 - 12:22 | Link to Comment Everybodys All ...
Everybodys All American's picture

The unemployed don't usually drive anywhere.

Thu, 01/05/2012 - 12:59 | Link to Comment francis_sawyer
francis_sawyer's picture

They got cash for their clunker & are still on their 99 weeks + SNAP

Thu, 01/05/2012 - 15:17 | Link to Comment karzai_luver
karzai_luver's picture

Just the opposite, the employed don't drive all day looking for work and a free wi-fi spot along with some copper to pay their Apple store bill.

 

Thu, 01/05/2012 - 12:22 | Link to Comment Big Corked Boots
Big Corked Boots's picture

Personally, I held off until the car, truck and tractors were on E - then used my Discover card to get 5% cash back on fuel purchases. I wonder how many other people did the same, and if there was a surge in spending the following week.

Thu, 01/05/2012 - 12:23 | Link to Comment ucsbcanuck
ucsbcanuck's picture

One possible counterargument:

This is a report from Mastercard. I know many gas stations in the US charge lower prices if you pay in cash. Is it possible that people are paying more in cash to take advantage of the lower prices, and that isn't showing up?

Thu, 01/05/2012 - 12:27 | Link to Comment junkyardjack
junkyardjack's picture

Or that people may be smarting up to the fact that gas stations are a great place for identity theft with those machines that scan your credit card.  I never use a credit card at the gas station

Thu, 01/05/2012 - 13:42 | Link to Comment LowProfile
LowProfile's picture

My thoughts exactly.

Credit contractionz, bitchez!!!

Thu, 01/05/2012 - 14:31 | Link to Comment jsgibson
jsgibson's picture

Another counter argument:  USAA Mastercards stopped offering cash back rewards last summer.  I had been using mine for 15 years for pretty much everything and stopped using it altogether.  Got an AMEX for Costco/gas purchases and a Chase VISA for everything else.  USAA is great, but I doubt I'm the only one who dumped their CC to get more $ back.

Thu, 01/05/2012 - 12:25 | Link to Comment junkyardjack
junkyardjack's picture

Personally I'm enjoying all the 70% off "end of season" (I could have sworn Winter officially started a few weeks ago but I'm not arguing with them) sales the retailers are having.  I'm still holding back for the going out of business sales that will be rolling through in 3 months

Thu, 01/05/2012 - 12:26 | Link to Comment PicassoInActions
PicassoInActions's picture

and then what...?

Why so many people here are just praying for things to go from wrost to even much more worst?

no1 will be safe if everything comes down at the same time, even those who managed to save few oz of gold.

Lets get real.

Thu, 01/05/2012 - 12:32 | Link to Comment junkyardjack
junkyardjack's picture

For me I just think most of the prices for stuff is crazy when unemployment is so high.  At some point its got to come down.  I expect at some point there is going to be a massive war like World War 1 or 2 again so there will be no safety.  If people constantly ignore the problems that are going on and pretend like everything is great then we'll end up in a massive war, if we recognize shit is fucked up then we can start trying to figure out what to do about it.  I was watching a Netflix documentary (yea I still have a membership) about the Nazis and the battle of Warsaw during WWII, they flattened the entire place, I wonder how the people hoarding gold fair while that was going on.  When shit hits the fan its going to be hard to find anywhere to run.

Thu, 01/05/2012 - 12:35 | Link to Comment Conrad Murray
Conrad Murray's picture

Safety is boring. I want to use all these bullets I bought and impress my women slaves with my canned ham stash.

Thu, 01/05/2012 - 12:46 | Link to Comment Gully Foyle
Gully Foyle's picture

Conrad Murray

Canned ham only works on Hawaiians.

I use canned Bacon, then after they are sated I tell them about the spotted dick.


Thu, 01/05/2012 - 13:44 | Link to Comment LowProfile
LowProfile's picture

You guys must love 'dem mud flaps.

http://www.youtube.com/watch?v=J8yA2iLE15g

Thu, 01/05/2012 - 12:57 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Wrong, why so negative?  I would say that there are many who would say life would actually get much better.  Sorry, you must live in a shitty neighborhood with shitty moronic negative neighbors.  Glad I don't

Thu, 01/05/2012 - 12:26 | Link to Comment Seasmoke
Seasmoke's picture

dont wait for the going out of business sales, as they are taken over by some scumbag liquidator outfit that charges MORE than the sale prices they have going now.....going out of business is just another scam in a long long line of them

Thu, 01/05/2012 - 15:21 | Link to Comment karzai_luver
karzai_luver's picture

WORD!

 

There is a mattress store around here that has been "going out of biz" for at least the last 5 years.

Not sure why they have not run the "under new mgmt" deals yet?

 

Thu, 01/05/2012 - 12:28 | Link to Comment eureka
eureka's picture

Wouw - are you a shop-aholic - or a woman?

Thu, 01/05/2012 - 12:34 | Link to Comment junkyardjack
junkyardjack's picture

Actually I don't buy much of anything until prices are drastically cut.  An $80 sweater that will last me a few years for $23? Why not? I get better quality than Wal-mart at similar prices. Win for me

Thu, 01/05/2012 - 12:45 | Link to Comment PicassoInActions
PicassoInActions's picture

even those 80-23$ sweaters are made in china or india.

Thu, 01/05/2012 - 12:48 | Link to Comment Gully Foyle
Gully Foyle's picture

junkyardjack

Ever spend time at Fatwallet? Discounts and cashback.

It used to be cool when you could stack coupons and discounts.

Ain't happening now.

Thu, 01/05/2012 - 15:13 | Link to Comment MachoMan
MachoMan's picture

Or when Bing cashback was 33% and within a week all the prices on ebay rose 25+%...

Thu, 01/05/2012 - 16:49 | Link to Comment flattrader
flattrader's picture

Better yet, scope out a religious or not for profit retail thrift benefitting a hospice, education fund etc...

I've found merino wool and alpaca sweaters often brand new with tags for under $10 and sometimes under $5.

Great time of year for those bargains...post Consumermas.

Thu, 01/05/2012 - 12:32 | Link to Comment toadold
toadold's picture

Ayup, I'm on a couple of retailers eMail lists so it has been fun watching the sales and discounts ratchet up. "Hurry and take advantage of year end clearance." So what am I seeing in the mail this week.."Sale on select items!" and etc.  Open box, returns, and refurbish sales will probably hitting pretty quickly also. 

Thu, 01/05/2012 - 12:55 | Link to Comment scatterbrains
scatterbrains's picture

yo jack don't ever sell your junkyard.. will be a booming buisness once we go Cuba.

Thu, 01/05/2012 - 12:26 | Link to Comment SDRII
SDRII's picture

someone is nervous...

NEW DELHI: To protect consumers from unscrupulous jewellers, the government on Wednesday approved a proposal making hallmarking of gold mandatory.

The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal. The Bureau of Indian Standards (BIS), under the Consumer Affairs Ministry, is the administrative authority of hallmarking.

The Cabinet, headed by Prime Minister Manmohan Singh, cleared the proposal by approving amendments to the Bureau of Indian Standards (BIS) Act, 1986, that aims to expand the ambit of mandatory hallmarking to include more products, including gold, sources said.

And this

http://news.coinupdate.com/opening-gold-and-silver-eagle-sales-top-prior-year-levels-1145/And this...

 

 

Thu, 01/05/2012 - 12:49 | Link to Comment Gully Foyle
Gully Foyle's picture

SDRII

Does that mean ORI is setting up shop?

Thu, 01/05/2012 - 13:02 | Link to Comment francis_sawyer
francis_sawyer's picture

it means that the dots are just as crooked as everyone else

Thu, 01/05/2012 - 12:26 | Link to Comment The Axe
The Axe's picture

BAC must be long crude short gas........cause it is now 6 dollars   to big to fail   I guess....

Thu, 01/05/2012 - 18:20 | Link to Comment ucsbcanuck
ucsbcanuck's picture

It's funny how that Citi report which pumped their shares ignored the 1.5 trillion derivatives timebomb sitting on their books... 

Correction: 75 trillion derivatives timebomb sitting on their books...

Thu, 01/05/2012 - 12:27 | Link to Comment 847328_3527
847328_3527's picture

Ben Bernanke:

..the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many US dollars as it wishes at essentially no cost. By increasing the number of US dollars in circulation, or even by credibly threatening to do so, the US government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation...

Thu, 01/05/2012 - 13:01 | Link to Comment optimator
optimator's picture

Didn't Bernanke ever learn to not use 'always and never'.

Thu, 01/05/2012 - 12:28 | Link to Comment fonzanoon
fonzanoon's picture

Nasdaq positive. BAC over 6 bucks. US banks up and Europe Banks down big. What a totally fked up market.

Thu, 01/05/2012 - 12:39 | Link to Comment chunga
chunga's picture

Fucked up all right...looks like a financial fistula to me.

I am GLAD I can't understand any of it.

Thu, 01/05/2012 - 13:15 | Link to Comment ucsbcanuck
ucsbcanuck's picture

BAC - ignore that 1.5 trillion derivatives timebomb at your own peril... How the hell can that share even be worth anything?

Thu, 01/05/2012 - 12:30 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

Bullish obviously as there is more money for gadgets from Apple...every economic data point has now entered the Twilight Zone and can be perceived as positive.

Thu, 01/05/2012 - 12:54 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yep, now about those supply lines...

Thu, 01/05/2012 - 12:30 | Link to Comment HungrySeagull
HungrySeagull's picture

Forget the damn credit card data. That does not count CASH.

 

Our station has been overflowing every day for the last few months. Prices went up a bit and they just pump more. I know we did while getting ready for the iran shoot.

Thu, 01/05/2012 - 12:31 | Link to Comment Hamsterfist
Hamsterfist's picture

Because instead of buying gifts, the 'good' retail numbers reflected people taking advantage of all the cheap crap they could find online. I mean Steam sale!

Or the numbers were a lie.

Thu, 01/05/2012 - 12:31 | Link to Comment Everybodys All ...
Everybodys All American's picture

nice kick save ppt

Thu, 01/05/2012 - 12:32 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Total horseshit, back when there was less than a billion people on this planet, there was no "demand" for gasoline at all so how can this be the "lowest on record"?  Now whale oil is another story altogether.  by the way, are they extinct yet?

Thu, 01/05/2012 - 12:40 | Link to Comment Conrad Murray
Conrad Murray's picture

"MasterCard’s data goes back to July 2004."

It never hurts to actually read the article.

Thu, 01/05/2012 - 12:50 | Link to Comment LawsofPhysics
LawsofPhysics's picture

It never hurts to think outside the box either.  Now get back on that wheel and run bitch.

Thu, 01/05/2012 - 12:50 | Link to Comment Gully Foyle
Gully Foyle's picture

LawsofPhysics

Just the other day Candy Crowley was spotted.

Thu, 01/05/2012 - 12:53 | Link to Comment LawsofPhysics
LawsofPhysics's picture

wrong whale, but I guess all fat contains considerable energy.

Thu, 01/05/2012 - 12:43 | Link to Comment Zadok
Zadok's picture

Gasoline expenditures from Jan 2005 unadjusted, adjusted to current BLS inflation calculations, and adjusted to 1980 BLS inflation calculation.  

http://i1140.photobucket.com/albums/n579/bearasaur/GroceryYoY_29680_imag...

Edit: It seems there is some confusion regarding demand and currency dilution.  Just because you pay more dollars for the same number of gallons does not constitute increased demand.  That is currency dilution, not demand.  The above chart keeps value constant on the 1980 line, therefore, what is actually happening is more dollars are being paid for less fuel.  

Nice.  It is an uninterupted trend.

http://i1140.photobucket.com/albums/n579/bearasaur/PMStatsr3_9023_image0...

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