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August 27, 2008 – Comments (2)

The EIA revises June YOY oil consumption down by 5.6%, or 1.1 million BPD. Surprised? I'm not. Will it stay that far down? I don't think so. That was when the sticker shock of $4.00 gasoline was just setting in. July YOY will be similar, August YOY will have lower consumption, but not as much lower, as people adjust but still have to drive. But mostly June, July and August are the summer months of optional oil. You do not have to take a long vacation. Stay closer to home. Keep that power boat docked, I know Huntington Harbor was light on traffic on Memorial Day. But now school has started and you still have to work, gasoline is down below $3.75. Kids go to school, buses have to run, houses will get heated. It will take longer than 3 months to permanently reduce consumption by  5% unless we get a warm winter, and higher post election prices. In the meantime, don't get to excited.

2 Comments – Post Your Own

#1) On August 27, 2008 at 10:22 PM, motleyanimal (89.80) wrote:

I filled up at $3.69 yesterday and that's in California.

There are ways to save money, for example:

Monday night I had an extraterrestrial alien thing show up at the back door. He muttered some nonsense about "Universal Peace" and all that crap. So I shot him. I mean, you can't let radical ideas like that spread around! We cooked him up with some sauerkraut last night. It was pretty tasty, once you got past the green color and the sulfur smell. I had an terrible time picking the correct wine to go with the meal, but we finally settled on a gallon jug of white wine vinegar.

Là, tout n'est qu'ordre et beauté,
Luxe, calme et volupté.

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#2) On August 27, 2008 at 10:55 PM, devoish (98.57) wrote:

I know why you had trouble with the wine. If I had shot an extraterrestial I would have gone straight to the rum.

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