• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 20 hours How Far Have We Really Gotten With Alternative Energy
  • 10 days What fool thought this was a good idea...
  • 14 hours Bad news for e-cars keeps coming
  • 8 days A question...
  • 13 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 13 days They pay YOU to TAKE Natural Gas
Argentina Is Positioning Itself as a Mining Giant

Argentina Is Positioning Itself as a Mining Giant

Argentina is attracting investment in…

Bitcoin Miners Make Shift to Renewable Energy

Bitcoin Miners Make Shift to Renewable Energy

We believe that Gryphon Digital…

Why is Oil Consumption Declining in the US?

I have posted many charts by reader Tim Wallace that highlight declining oil consumption in the US.

Some readers have suggested improved gasoline mileage in cars is the primary reason.

However, that explanation is faulty (as Wallace and I have pointed out on numerous occasions) because mileage rates have steadily climbed over the years while the plunge in oil consumption happened abruptly at the start of the recession and never recovered.

OK, So Why the Drop?

Gail Tverberg on the "Our Finite World" blog explains in her excellent post Why is US Oil Consumption Lower? Better Gasoline Mileage?

Gail analyzes gas prices, miles driven, increased fuel mileage, and a decrease in industrialization. She concludes ...

Click here to read full article.



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News