by Pops » Thu 09 Sep 2010, 08:25:35
I looked up
vehicle miles drivenand we are still at around '05 levels in the US, I'm not sure people have grown
too accustomed to this price :
- Code: Select all
All Roads and Streets as of June
Travel in Millions of Vehicle Miles
Year --- Month---Year To Date---Moving 12-Month
2004 ---257,245 --- 1,451,658 ---2,937,876
2005 ---263,724 ---1,473,298 ---2,985,806
2006 ---263,713 --- 1,487,260 --- 3,003,357
2007 --- 265,336 ---1,496,680 ---3,023,756
2008 --- 255,894 ---1,476,039 ---3,009,150
2009 ---260,468 --- 1,468,204 ---2,965,636
2010 ---263,852 ---1,469,833 ---2,980,636
I'd read China was slowing in the second qtr but looks like it won't be by much in the 3rd:
China's economic growth slowed to 10.3 percent over a year earlier in the second quarter, down from its blistering 11.9 percent first quarter pace. Many worry that the slowdown could weaken the global recovery if it cuts Chinese demand for imported iron ore, industrial machinery and other foreign goods.
But strong export demand, domestic consumption and investment are all still supporting steady growth, federation analyst Zhang Liqun said in its report. "The rise in the PMI for August shows that China's economy will not suffer a serious correction," Zhang said.
Seattle PIChina's auto sales were
only up 56% in August!
---
Someone asked where they store oil, it's mostly in tank farms like in Cushing OK (midwest delivery point) or at refineries, Shipping terminals etc.
Here's how much there is in storage, this includes the SPR:
This is excluding SPR:
EIAI think Pup makes a good point, even though we have lots of oil in storage our Days of Supply is relatively low
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)