Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (119684)	9/1/2012 6:01:09 PM
From: tejek	Read Replies (1) \| Respond to of 149317

This must be true nation wide..........it explains why gas demand has not been growing. Wednesday Jolt: State Residents are Driving Less August 29, 2012 at 2:14 pm Today’s loser: Oil companies (at least in the Northwest). In a new report on gas consumption, the ( Joel Connelly-approved) Sightline Institute concludes that after nearly a decade of essentially flat gas consumption, Northwest drivers are using less gasoline, a sign that people are actually driving less. Additionally, we’ve made modest gains in fuel efficiency. The report comes on the heels of President Obama’s announcement yesterday that the US will adopt a new mileage target of 54.5 miles per gallon for new cars and trucks—effectively doubling the fuel efficiency of the nation’s new vehicles by 2025. Some highlights from today’s report: Last year, per-capita consumption of gas in Washington State fell to its lowest level since 1965—7.3 gallons per week, slightly higher than per-capita gas consumption in Oregon. Overall, Washington State and Oregon residents consumed about 4 percent less gas in 2011 than they did in 2002—”a modest dip, yet still a significant reversal of what, for many years, seemed like an endless expanding appetite for motor fuel.” The main reason for the dip: People are driving less. On state-owned roads in both Washington and Oregon, annual vehicle miles driven per capita has dropped 13 percent over the last decade. This trend has played a much larger role in reduced gas consumption than improved fuel efficiency; since 2008, the fuel efficiency of the average car has remained roughly the same, largely because cars last longer and people are buying fewer new cars. Gas prices, obviously, are a big reason for the reduction in driving: As gas prices have risen, drivers have used less fuel. But long-term gas price fluctuations could have longer-term effects, too: According to Sightline’s report, “sustained price increases lead some consumers to make more fundamental, long-term changes—such as purchasing more efficient vehicles, changing jobs, or moving closer to work or shopping destinations.” Read the whole report here.

To: Road Walker who wrote (119684)	9/1/2012 6:03:08 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Another straw man. You can't stop. Is that how you've learned to win arguments? MM seems like a guy that made a decision who NOT vote for, and then set out to justify it. I've read what, 1000 of his posts over the years? That's as good a theory as any. Clearly, the straw man is his main go to these days. I KNOW his stand on issues is more closely aligned with Obama and the Dems... but for some pathological reason he doesn't. It's an impossible chasm to cross. Frankly, I am not sure what he believes. We should probably just ignore him from here out. He's way off track. I think you may be right.