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Title: time to start buying spare gas tanks. Post by: Aske on April 08, 2008, 11:01:28 AM http://news.yahoo.com/s/ap/20080408/ap_on_bi_ge/gas_demand
Title: Re: time to start buying spare gas tanks. Post by: stroh on April 08, 2008, 11:02:46 AM Could?
Title: Re: time to start buying spare gas tanks. Post by: Spanky on April 08, 2008, 11:04:44 AM The big ol Suburban in the parking lot is really looking like big cash cow right about now. [sm_disgust]
Title: Re: time to start buying spare gas tanks. Post by: Aske on April 08, 2008, 11:07:53 AM Could? LOL. exactly. when articles like these come out, read it to mean WILL and add another 10%. Title: Re: time to start buying spare gas tanks. Post by: Clive on April 08, 2008, 11:46:17 AM Quote High prices and a weak economy are expected to cut demand for gasoline by about 0.4 percent during the peak summer driving season, the department's Energy Information Administration said in a monthly report on petroleum supplies and demand. Overall consumption of petroleum products will drop by 90,000 barrels a day this year. Previously, the EIA had projected petroleum consumption would rise by 40,000 barrels a day. The US uses what, 20 million barrels per day? Is a zero-point-four percent drop even noticeable?Title: Re: time to start buying spare gas tanks. Post by: Aske on April 08, 2008, 11:58:37 AM Quote High prices and a weak economy are expected to cut demand for gasoline by about 0.4 percent during the peak summer driving season, the department's Energy Information Administration said in a monthly report on petroleum supplies and demand. Overall consumption of petroleum products will drop by 90,000 barrels a day this year. Previously, the EIA had projected petroleum consumption would rise by 40,000 barrels a day. The US uses what, 20 million barrels per day? Is a zero-point-four percent drop even noticeable?when most oil fields already in use have reached peak production, i would say so. Title: Re: time to start buying spare gas tanks. Post by: Clive on April 08, 2008, 01:10:00 PM Sorry, my Googling shows US consumption at ~400,000,000 gallons per DAY. And now that may drop to 398,400,000 gallons/day.
(*cue government bailout of Big Oil*) Title: Re: time to start buying spare gas tanks. Post by: stroh on April 08, 2008, 02:07:07 PM (http://img.printfection.com/14/87873/ljU1c.jpg)
Title: Re: time to start buying spare gas tanks. Post by: Aske on April 09, 2008, 08:51:29 AM http://bloomberg.com/apps/news?pid=20601087&sid=aRRZ9NU4DdWE&refer=home
.4% decrease in demand with a 80% price increase ! anyone want to draw out a linear extrapolation to a 5,10,25% decrease in demand? [sm_shock] Title: Re: time to start buying spare gas tanks. Post by: Clive on April 09, 2008, 10:33:36 AM (http://img412.imageshack.us/img412/7071/dataot7.jpg)
Is it just me, or ... ? Title: Re: time to start buying spare gas tanks. Post by: gleek on April 09, 2008, 10:42:53 AM (http://www.youloveben.com/Thumbnails/Humongous.png)
Title: Re: time to start buying spare gas tanks. Post by: stroh on April 09, 2008, 11:41:52 AM (http://img412.imageshack.us/img412/7071/dataot7.jpg) Is it just me, or ... ? LOL |