I think that something is missing in the charts that argue for a great drop in gasoline. If you look at the official gasoline consumption chart, it gives a very different story:
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MGFUPUS1&f=M There's been a 10% drop since the peak in 2007, but we're at the 2001 levels. If you look at the 78-81 drop it was 50^ bigger, and consumption doesn't hit the 78 numbers until '93 even though prices went through the floor in '86. And, ethanol has been a highly subsidized substitute, which should lower gasoline consumption about 3%, even with fuel consumption constant. In other words, someone is manipulating numbers. Dan M. _______________________________________________ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
