No that is not the real story here today. It does give a perspective on why so many too big, too fast, and too often vehicles are eating up limited supplies of gasoline and oil. However, what is being missed is we are not buying more oil for the Strategic Oil Reserve. Although, I am […]
This “Letter from an American” author Prof. Heather has a different spin to it. Prof. Heather is discussing OPEC and the impact it is going to have on the US as well as other counties not having the wealth we have. One thing I did not know is, Russia is the Vice-Chair of OPEC. Or […]
RJS, Focus on Fracking Summary: Strategic Petroleum Reserve at a 20 year low, US oil supplies at a 14 year low; distillates supplies at a 14 year low, total oil + product inventories at an 13½ year low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US […]
Asymmetric Whining This is not news, but yet again we see the old phenomenon of people whining a lot when something gets worse but then saying nothing when it gets better. The latest example of that involves gasoline prices. They were rising and got into the range of near-real highs seen in times like 2008, […]
The return of the “Oil Choke Collar”! For the first five years after the end of the Great Recession, one of the staples of my analysis was the concept of the “oil choke collar.” By that I meant that typically recessions had occurred after there was a sudden and sharp upward spike in the cost […]
and gasoline exports at a 26 month low . . . Blogger and Commenter R.J.S., Focus on Fracking: “Oil price is highest since 2014; natural gas price fell from 12 year high after largest inventory increase in 16 months” Oil prices finished higher for the 7th straight week after OPEC decided to only add the […]
Lifted from comments from this post US to be leading producer of oil is Spencer England’s comment about structural change in the oil markets. Obvious to some but bears repeating for a lot of us, as we discuss environmental issues or gasoline prices in the media more than structural economic impacts: Spencer says: The development […]
It has been suggested that the rapid increase in the prices of fish, fowl, meat and eggs for about two years following October, 2009 was the result of QE causing inflation in these items. From this Calculated Risk graph, we can get the QE date line. QE was announced on Nov 25, 2008, and expanded […]
In Part 3 of this series, I wondered a couple of things. – With the vehicle/1000 people number in the range of 825 to 845 since 2004, is the market near saturation?– Is the January sales number of 14.2 SAAR (seasonally adjusted at annual rate) enough to maintain the vehicle/1000 people number? For the first […]
In private communication, Roger Chittum got me thinking about the vehicle component of gasoline consumption. I’m going focus on the gross vehicle numbers, and not get too deeply into the car/truck/SUV product mix detail. Data is from the Department of Energy TRANSPORTATION ENERGY DATA BOOK: EDITION 30—2011. (Warning: 414 page pdf.) According to Table 3-5 […]