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Author Topic: Biggest drop in U.S. oil demand in 26 years  (Read 1414 times)

Offline Kaw1000

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Biggest drop in U.S. oil demand in 26 years
« on: August 12, 2008, 04:56:13 PM »
If you kids remember, I posted "That's what I'm talking about" Post.
In the post, I told you one of the main reasons gas was going down was due
to less consummation...but nooo a lot of you disagreed.Well, here's the facts:
http://news.yahoo.com/s/nm/20080812/us_nm/usa_oil_demand_dc_2

We are using less fuel....WTG America!! Keep it up!! Let opec eat that oil!!  :aok
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Offline Angus

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #1 on: August 12, 2008, 05:01:52 PM »
Demand goes crashing down when the price goes up?
That means normally that the demand wasn't that necessary, but based on the term "cheap"
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Offline Kaw1000

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #2 on: August 12, 2008, 05:02:46 PM »
Good point!
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Offline AKIron

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #3 on: August 12, 2008, 05:31:55 PM »
Quote from: Angus on August 12, 2008, 05:01:52 PM
Demand goes crashing down when the price goes up?
That means normally that the demand wasn't that necessary, but based on the term "cheap"

Oil necessary? I thought all you needed was love?  ;)
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Offline myelo

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #4 on: August 12, 2008, 08:10:01 PM »

Raise prices high enough, fast enough and demand goes down. It's the law.
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Offline Mark Luper

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #5 on: August 12, 2008, 08:13:40 PM »
Quote from: Kaw1000 on August 12, 2008, 04:56:13 PM
If you kids remember, I posted "That's what I'm talking about" Post.
In the post, I told you one of the main reasons gas was going down was due
to less consummation...but nooo a lot of you disagreed.Well, here's the facts:
http://news.yahoo.com/s/nm/20080812/us_nm/usa_oil_demand_dc_2

We are using less fuel....WTG America!! Keep it up!! Let opec eat that oil!!  :aok

Actually, I think you mean consumption :)

Mark
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Offline DREDIOCK

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #6 on: August 12, 2008, 08:43:58 PM »
Which followed a the largest rise in oil prices in probably just as many years.

Yes Oil is dropping.
But is the price of gas dropping at the same ratio as it rose when oil prices were going up.

I havent looked it up but Im betting...probably not.
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Offline Yenny

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #7 on: August 12, 2008, 08:45:26 PM »
Demand drops because people can't afford gas, so they are more conserving. Gas price high because of the "artificial creat of gas sortage" by sending them oversea.
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Offline Holden McGroin

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #8 on: August 12, 2008, 08:49:48 PM »
Quote from: Yenny on August 12, 2008, 08:45:26 PM
Demand drops because people can't afford gas, so they are more conserving. Gas price high because of the "artificial creat of gas sortage" by sending them oversea.

I always knew that regular, super, and midrange was artificially sorted.
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Offline Yenny

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #9 on: August 12, 2008, 08:53:27 PM »
even w/ demand drop as the biggest mark int he last 26 years? yet they still make their BIGGEST record profit
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Offline Tango

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #10 on: August 12, 2008, 09:19:56 PM »
Quote from: Yenny on August 12, 2008, 08:53:27 PM
even w/ demand drop as the biggest mark int he last 26 years? yet they still make their BIGGEST record profit

Duh!!!!!!!!

8% profit on $4.00 gallon gas IS more than 8% on $2.00 a gallon. Of course its going to be higher. [or whatever the percentage of profit the oil companies get, which isn't as much as the government's take]
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Offline FireDragon

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #11 on: August 12, 2008, 09:25:26 PM »
Oil comapanies are not the problem... Gas and oil at their currant prices are not out of line.... It just looks that way....

Our dollar is weak..... The Federal REserve is sticking it to us... They have been doing it for ever.....


You can still by gas at around 20cent a gallon if you pay will silver dollars... Problem is not many people have deversified in silver over the years......
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Offline Chalenge

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #12 on: August 12, 2008, 09:34:18 PM »
Honda Civic GX NGV soldout due to high gas prices. It runs on natural gas and is cleaner burning then electric power!

Oil? What oil?
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Offline CAP1

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #13 on: August 13, 2008, 12:07:08 AM »
Quote from: Kaw1000 on August 12, 2008, 04:56:13 PM
If you kids remember, I posted "That's what I'm talking about" Post.
In the post, I told you one of the main reasons gas was going down was due
to less consummation...but nooo a lot of you disagreed.Well, here's the facts:
http://news.yahoo.com/s/nm/20080812/us_nm/usa_oil_demand_dc_2

We are using less fuel....WTG America!! Keep it up!! Let opec eat that oil!!  :aok

i was one of the "nay-sayeres in the other thread......


but i have to admit, i've been noticing different driving habits. women in suv;s aren't giving them up, but rather driving them much more conservativly. there is less traffic in general. i'm seeing more of those vespa scooters in my area(cherry hill nj). hell, i've even been seeing a few of those teeny weeny smart cars. you know...the ones that fit in the bed of a pickup truck.

 i watch the pumps out in front of my shop. they were pumping about 8,000 to 10,000 gallons a day. they're well under 8,000 gallons a day now. it used to be that the pump guys were running constantly from when i got in at 8am till at least 6pm with very little break time. now it's very slow, with sparodic rushes.


sooo...yep..you were right dude. my apologizies............

<<S>>
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Offline Hangtime

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Re: Biggest drop in U.S. oil demand in 26 years
« Reply #14 on: August 13, 2008, 12:18:22 AM »
The price of oil fell the day after the monkey ...errr president, lifted the ban on offshore drilling. Every day since, with more and more debate on drilling, alternative energy development, etc... the price keeps dropping.

On the world stage... with china shut down for the olympics and US demand falling due to conservation, prices keep dropping... despite the Georgia pipelines being closed down, (BP Operation) prices are STILL dropping.

Lets see what happens a week after China lets those cars back on the road...
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