tag:blogger.com,1999:blog-5235419263414453422.post9185926192517746588..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: US Oil ConsumptionStuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5235419263414453422.post-18563481139032817042011-07-12T12:07:38.963-07:002011-07-12T12:07:38.963-07:00Alexander,
Sure, debt has gone up. Nevertheless,...Alexander,<br /><br />Sure, debt has gone up. Nevertheless, net imports have fallen, which will reduce the impact of high prices on the US economy.<br /><br />Ceterus Paribus.Nick Ghttps://www.blogger.com/profile/12721405349726668110noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-53991581174869389202011-07-12T05:26:31.006-07:002011-07-12T05:26:31.006-07:00Nick,
this is true only if you ignore level of th...Nick,<br /><br />this is true only if you ignore level of the debt,<br /><br />cheers,<br /><br />AlexAlexander Achttps://www.blogger.com/profile/16845172528191878930noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-20130617563058803812011-07-11T15:57:00.016-07:002011-07-11T15:57:00.016-07:00US consumption has fallen, and production of all l...US consumption has fallen, and production of all liquids has risen. The result: net imports have fallen by 1/3 since their peak just before the recession.<br /><br />The decline in net imports will reduce the impact of high prices roughly proportionately.<br /><br />Also striking: US GDP has recovered to where it was in 2007 when oil consumption/imports peaked - that's a large increase in the GDP:oil ratio.Nick Ghttps://www.blogger.com/profile/12721405349726668110noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-51334858261377216142011-07-11T06:24:24.804-07:002011-07-11T06:24:24.804-07:00woody - I wouldn't expect that in general, sin...woody - I wouldn't expect that in general, since it also has a great deal to do with the strength of the economy. When demand collapses (eg with the recession), both product supplied and prices will fall.Stuart Stanifordhttps://www.blogger.com/profile/07182839827506265860noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-5013183476257228802011-07-11T05:19:27.126-07:002011-07-11T05:19:27.126-07:00I do not see any strong inverse correlation betwee...I do not see any strong inverse correlation between Weekly Product Supplied and WTI Spot Price.woodyhttps://www.blogger.com/profile/06276745906356964092noreply@blogger.com