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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (2827)10/25/2005 1:01:29 PM
From: Wharf Rat  Respond to of 24226
 
Miles Data Predicts Big Economic Slowdown
Posted by Stuart Staniford on Mon Oct 24 at 8:22 PM EDT
Topic: Economics
Tags: oil prices, peak oil, hubbert peak, gas prices, highway miles, recession (all tags)

Those wonderful bureaucrats over at the Federal Highway Administration publish monthly data! God bless their souls. Now we have a chance to see what the last few years of run-up in oil prices has wrought. The news is not good unfortunately - looks like the chances of a pretty significant economic slowdown or recession in the near future are quite high.

Source: August 2005 FHWA Traffic Volume Trends

There's more... (1039 words) | Comments (31) | Permalink

This post is part of a never-ending series on the economic response to oil shocks, which I'm doing to gain a deeper insight into likely post-oil-peak economic occurrences. Prior posts are listed at the bottom.

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