BIG drop in US oil consumption

OilFinder2 · **Posted:** Fri Oct 03, 2008 7:44 pm

VMarcHart wrote:

mos6507 wrote:

I'm waiting to see what happens in the northern states this winter vis a vis heating oil to see what the real impact of $100/barrel oil is.

And I'm waiting to see what happens at the end of the harvest season with $100 oil. Did farmers harvest 100% of their crops or let some standing because it was too expensive to harvest?

With the harvest mostly over, US farmers harvested more wheat and more acres of wheat this year than last year (when oil was cheaper):
--> LINK <--

Quote:

USDA sees wheat crop at just under 2.5 billion bushels Wednesday, October 1, 2008, 4:06 PM by John Perkins
The United States Department of Agriculture reports the 2008 U.S. wheat crop at a total of 2,499,524,000 bushels. That's compared to the 2007 total of 2.067 billion bushels. Prior to the report, estimates ranged from 2.421 billion to 2.475 billion bushels, with an average guess of 2.459 billion. The average yield is seen at 44.9 bushels per acre, compared to the 2007 average of 40.5 bpa. 2008's planted and harvested area was reported at 63.047 million and 55.685 million acres, respectively, compared to 2007's planted total of 60.433 million and the harvested area of 51.011 million acres.[...]

And according to this from about a week ago:

Quote:

In a pair of reports, USDA said the corn and wheat stockpiles were larger than a year ago. This year's wheat crop totaled 2.5 billion bushels, up 2 percent from its previous report and the largest wheat crop in a decade.

mos6507 · **Posted:** Fri Oct 03, 2008 8:18 pm

I suspect farming (and the trucking industry) will continue long after peak oil, but consumer prices will have to jump to reflect the higher overhead. I am frustrated by truckers who feel like they can't make ends meet because of fuel costs, because they are eating the overhead rather than passing it down the line. If farmers are doing the same thing, they are stupid. Same deal with the airlines. Everyone is in the same boat here. Everyone has to raise prices. You can't just sweep this under the rug forever.

ReverseEngineer · **Joined:** Wed Jul 16, 2008 12:00 am **Posts:** 3584

mos6507 wrote:

Everyone is in the same boat here. Everyone has to raise prices. You can't just sweep this under the rug forever.

How can you continue raising prices if the prices are already too high for people to afford? They simply stop buying all the services, the extraneous ones first like Vacations and ariline tickets, but they can't afford the basics like Shelter anymore either, or transportation to get to work.

Tons of empty houses around while tons of people are building tent cities. What is wrong with that picture? No Property Tax revenue for local communities to pay their Police Force or Sanitation Workers.

Ever evolving cascade failure. Moving through the society more rapidly all the time. Helicopter Ben cannot move around fast enough to keep up with it.
Reverse Engineer

smallpoxgirl · **Joined:** Mon Nov 08, 2004 1:00 am **Posts:** 7742

ReverseEngineer wrote:

How can you continue raising prices if the prices are already too high for people to afford?

Quite simple. Rising prices help people to prioritize their life. They will discover that wheat is really important and worth far more than they were paying for it, and anything found in Best Buy or Babies R Us isn't.[/quote]

VMarcHart · **Posted:** Sat Oct 04, 2008 5:02 am

ReverseEngineer wrote:

mos6507 wrote:

Everyone is in the same boat here. Everyone has to raise prices. You can't just sweep this under the rug forever.

How can you continue raising prices if the prices are already too high for people to afford? They simply stop buying all the services, the extraneous ones first like Vacations and ariline tickets, but they can't afford the basics like Shelter anymore either, or transportation to get to work.
Tons of empty houses around while tons of people are building tent cities. What is wrong with that picture? No Property Tax revenue for local communities to pay their Police Force or Sanitation Workers.
Ever evolving cascade failure. Moving through the society more rapidly all the time. Helicopter Ben cannot move around fast enough to keep up with it.

After your illustrious prediction...

ReverseEngineer wrote:

If Congress reassembles in Washington after Rosh Hashanah [10/1] I will be astounded. I will bet they reconvene in a Bunker in some undisclosed location and vote Bush Dictator for Life.

...I'm having a hard time reading your posts.

VMarcHart · **Posted:** Sat Oct 04, 2008 5:05 am

mos6507 wrote:

Everyone has to raise prices.

Any indication price of crops went up with high oil? One thing is to harvest, the other is to sell it.

BIG drop in US oil consumption

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