Tag: Demand Destruction

Record High US Gasoline Consumption and Sales of Muscle Cars, SUVs and Pickup Trucks

I’ve written before about demand destruction, but with gasoline prices at historic lows right now we are seeing the opposite: demand rebound. Gasoline sales in the United States are approaching all-time highs last seen right before the “great recession.” People are taking

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If Libya’s Oil is Shut Down, Oil Could Hit $142/bbl

There is some concern right now that because of the potential imminent collapse of the Libyan government, the country may have to temporarily shut down oil production.  This would be a major issue, because Libya is currently the world’s 11th

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Wikileaks Confirms Fears of Saudi Peak Oil – An Analysis

Last week, Wikileaks released four diplomatic cables which had been sent from the US embassy and consulates in Saudi Arabia to the U.S. Department of State.  The main headline from these cables was the fact that the US government privately

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Profit from Peak Oil’s Bumpy Plateau

As we enter the new year, it’s time for everyone to come out of the woodwork and make their predictions for 2011.  In the past two weeks, there’s been a cacophony of expert opinions predicting higher oil prices this coming

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Demand Destruction from Peak Oil

Demand Destruction is a term used to describe a series of economic actions that occur when oil prices become too high for the global economy to absorb them.  In this environment, the economy goes into a recession and the price

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