In response to:

Oil Consumption Analysis

glenn183 Wrote: Feb 09, 2013 12:47 AM
We have _always_ worked to eliminate people form the manufacturing chain and it has nearly always been a good thing. Machines don't call in sick or have 'attitude' issues or need raises. Do you want to go back to horses on farms, spinning your own thread and making candles? We have to learn \how to make and repair the machines to stay employed - work smarter. I do my best to reduce energy consumption which is good far all but I'm not magnanimous. I'm CHEAP.
Joe 145 Wrote: Feb 09, 2013 8:06 AM
"I'm CHEAP" is actually a misunderstanding. As people have been eliminated from manufacturing, the machinery has become far more complex. The people servicing that equipment have a much higher skill level than those that have been replaced. These people are far from cheap, and in fact they do pay for themselves. This is where productivity increases and wealth is actually created. The people who are left without jobs have historically moved on to other more skillful jobs. (Not all, but most) This has CHANGED to people are moving on to getting free handouts.
Jay Wye Wrote: Feb 09, 2013 2:35 PM
but if people don't get or have the education necessary for those "more skillful jobs",then they can't get into such positions. they become unemployable.
Jay Wye Wrote: Feb 09, 2013 2:36 PM
or if they're above a certain age,like me.
age discrimination still exists,it's just better hidden.
Daddio7 Wrote: Feb 09, 2013 2:51 PM
We have fallen off the jobs cliff. Many jobs have been taken by robots or foreign workers. For support the unemployed will have to tax money away from the robot owners or become subsistence farmers like the foreign workers were. There are few "skilled" positions to take and many people do not have the mental capacity to become skilled workers. In the past those people went into the wilderness and lived off the land. Now someone owns all the land and there are no unpopulated lands to emigrate to.
FletchforFreedom Wrote: Feb 09, 2013 9:59 PM
Except, of course, the Luddite belief that improvements in technology resulted in reductions in employment was stupid at the time and long debunked. And the fact is that an open international labor market has resulted in MORE and HIGHER PAYING jobs in the US being INsources than are outsourced and even more jobs created due to the related economic efficiencies and lower cosrts to consumers. The current unemployment level is entirely due to wrong-headed governmental policies that have interfered with job creation, not technolgy or outsourcing.

I have posted many charts by reader Tim Wallace that highlight declining oil consumption in the US.

James Beck, Lead Analyst, Weekly Petroleum Supply Team for the Energy Information Administration has also chimed in on the subject.

For example, please see my September 16, 2012 article Email From Lead Analyst, Weekly Petroleum Supply Team on Possibility of Recession.

Some readers have suggested improved gasoline mileage in cars is the primary reason.

However, that explanation is faulty (as Wallace and I have...