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Oil Consumption Analysis

KPar Wrote: Feb 09, 2013 7:23 PM
Absinthe makes the heart grow fonder. Also, wipes out long term memory. Maybe that is what Obama needs to achieve his agenda (or maybe he already has...)

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...