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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: KyrosL who wrote (83861)11/30/2011 7:21:36 AM
From: wallshot  Read Replies (1) of 217638
 
Interesting stuff that doesn't quite make sense to what is spoon fed via media. I was thinking somehow this means industrial consumption a.k.a. plastics, chemicals, etc must have dropped, significantly, relative to consumer consumption of oil.

This aligns with the first useful comment I saw on the article..." Franklin Van Voorhees wrote:This is actually a very bad sign for the state of the US economy. Over periods of less than 10 years, productive economic activity is directly proportional to energy consumption. If you look carefully at the EIA information, US petroleum production is well off its highs in the 1970s and 1980s, but consumption has fallen even more drastically since 2005. This is solid evidence that the productive economy never recovered from the last recession."
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