http://sovereignspeculator.com/2011/05/06/us-oil-demand-has-never-recovered/ Thoughts on the markets and the decline of the west Tue, 27 Sep 2011 20:23:42 +0000 http://wordpress.org/?v=2.6 http://sovereignspeculator.com/2011/05/06/us-oil-demand-has-never-recovered/#comment-10642 t. p. mclean Fri, 27 May 2011 17:51:32 +0000 http://sovereignspeculator.com/?p=5143#comment-10642 ? petrol UK sells soon for c.us$8/gal, in U S $5/g Prof: "W. gov's borrow to pay only int, cant pay prin. U . + S. total pub pv debts c$200t. two hundred tril=tom , gdp us$14/t/y, or 13x gdp " ?
petrol UK sells soon for c.us$8/gal, in U S $5/g
Prof: “W. gov’s borrow to pay only int, cant pay prin.
U . + S. total pub pv debts c$200t. two hundred tril=tom
, gdp us$14/t/y, or 13x gdp “

]]> http://sovereignspeculator.com/2011/05/06/us-oil-demand-has-never-recovered/#comment-10572 wsm Fri, 06 May 2011 15:30:27 +0000 http://sovereignspeculator.com/?p=5143#comment-10572 While Mish's chart is quite informative re: the demand side of the equation, I would argue that the rise in oil prices is predicated at least as much on the SUPPLY side. Thus, even if consumption (demand) is not where it used to be, it is still rational for the price to rise given the dwindling supplies and the uncertainty in the market around this supply, exacerbated by idiotic domestic energy policy. While Mish’s chart is quite informative re: the demand side of the equation, I would argue that the rise in oil prices is predicated at least as much on the SUPPLY side. Thus, even if consumption (demand) is not where it used to be, it is still rational for the price to rise given the dwindling supplies and the uncertainty in the market around this supply, exacerbated by idiotic domestic energy policy.

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