16 June 2010

Chart of the Day

Political Calculations | U.S. per Capita Oil Consumption Plummets

So dramatically, in fact, that Americans today are consuming roughly one-third of a gallon per person less than they did on average from January 1982 through November 2007, the last full month before the largest recession in the U.S. since World War II began.
Our economic output is also about two and a half times what is was in 1982 (ref).

Might want to chew on this, too:
We should note that we've already identified a sharply falling demand for oil as being a key indicator of economic distress in the modern world.

We'll conclude by observing that Barack Obama would appear to already be getting his wish with respect to the oil consumption of Americans. Unfortunately for Americans desiring the return of a healthy economy, he would seem to not be satisfied with achieving his goals.

To generalize something we said before: "There are people who may want to blame anything bad having to do with oil on the collective buying habits and lifestyles of American consumers, but this is one dog that just won't hunt! You can safely rest assured that anyone who does so is just looking for an excuse to screw the American consumer over for their own personal benefit."

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