Led by energy stocks, as people become concerned that Americans are getting too good at conserving. Good news for the environment, and eventually good news for our economy--efficiency gains take a long time to achieve, but they tend to be permanent.
Yeah, but we could have done a lot better. For all the Republicans nonsense, if you listened to Jimmy Carter 30 years ago, we'd have been a lot better off now.
Not a big Carter fan. Anyway I would say that the falling DOW while personally financially painful may end up in a much better place. But that dirty "R" word waits on the tip of many tongues. Alarmists aside, it seems that our continuing economic funk will continue, and it will compete with Goliath at Six Flags for total number of nauseated passengers.
I've been looking at fuel consumption data at the EIA. I was suprised to find that Distillate Fuel Oil (Diesel) consumption was down even more than gasoline consumption. I don't think that's good news.
No way. Declining efficiency in the use of fuel is bad for the world but good for fuel suppliers. And if efficiency of fuel use has declined while the price has been rising so steeply, the world has become cubical.
Yeah, but we could have done a lot better. For all the Republicans nonsense, if you listened to Jimmy Carter 30 years ago, we'd have been a lot better off now.
I simply haven't had to cool my house this year. Hasn't been hot.
But that's not efficiency you're seeing, that's falling productivity. Fuel efficiency is declining.
Not a big Carter fan. Anyway I would say that the falling DOW while personally financially painful may end up in a much better place. But that dirty "R" word waits on the tip of many tongues. Alarmists aside, it seems that our continuing economic funk will continue, and it will compete with Goliath at Six Flags for total number of nauseated passengers.
I've been looking at fuel consumption data at the EIA. I was suprised to find that Distillate Fuel Oil (Diesel) consumption was down even more than gasoline consumption. I don't think that's good news.
don't forget that Iraq is back. Iraqi oil is swamping the market place
aaron
No way. Declining efficiency in the use of fuel is bad for the world but good for fuel suppliers. And if efficiency of fuel use has declined while the price has been rising so steeply, the world has become cubical.