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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (11614)	12/27/2010 1:24:32 AM
From: Wharf Rat	of 24225

Using the total petroleum consumption figures for the US, on an annual basis, which is provided in the MER each month from EIA, I made up the following chart this weekend with the most recent data. \| Using Table 1.1 from this EIA portal: eia.gov \| (Nota Bene: the 2010 figure is composed of the first 9 months of recorded data through September 2010, then projected at that level for Q4 for 2010. This chart, per 2010, will need updating as the data comes in.) (won't copy) The 2005 high of US total petroleum consumption reached 40.388 quads. We have "rebounded" to using 35.849 quads in 2010. Macro observers take note: this chart almost perfectly mirrors total US employment * gregor.us Yet another data point that is presented each day in the MSM as experiencing "a recovery." In short, there is no recovery in employment, in the economy, or in US petroleum demand beyond the noise that would be expected to be found within a classic economic depression. gregor on December 26, 2010 - 11:07am theoildrum.com Gregor Macdonald is an oil analyst and energy sector investor, who also focuses on the coming transition to alternatives *

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