Friday, May 30, 2014

Gasoline Sales Down By Nearly 75%

U.S. “gasoline consumption” – as measured by the U.S. Energy Information Administration (EIA) itself – has plummeted by nearly 75%, from its all-time peak in July of 1998. A near-75% collapse in U.S. gasoline consumption has occurred in little more than 15 years.

Since the beginning of “the U.S. economic recovery”; U.S. gasoline consumption has plummeted by nearly 2/3. As the pseudo-recovery began, and supposedly “strengthened”; U.S. refineries were ordered to fill up the inventories of their dealer network, in anticipation of the increased gasoline consumption which would have occurred in any real “recovery”.


But there never was an increase in U.S. gasoline consumption, because there never was a U.S. economic recovery. Rather, the Greater Depression has simply (and relentlessly) continued to pulverize the U.S. economy like a meat-grinder. To hide this devastation (as well as is possible), the government produces a wide array of its pseudo-statistics, that all contain myriad “adjustments” – which make it possible for these liars-with-numbers to distort the statistical picture of the U.S. economy beyond recognition.





I'm sure that Obama ad-Dajjal and his minions are ecstatic over this and can't wait to do the same to US coal consumption. Say bye-bye to the US economy ... permanently.

Update: By the way, if there is a glut of gasoline, why haven't prices gone down? Doesn't the law of supply and demand work any more?

And if there is no US demand, then why is the Keystone XL Pipeline needed? According to the Rainforest Action Network:

Keystone XL is an export pipeline. In presentations to their investors, Gulf Coast refiners have revealed plans to refine Keystone’s Canadian crude into diesel and other products for export to Europe and Latin America. Proceeds from these exports are earned tax-free. Much of the fuel refined from the pipeline’s heavy crude oil will never reach U.S. drivers’ tanks.”

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