Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1371048 Comments:2390
The chart on the right shows U.S oil consumption. Take a look at the past few years: oil consumption has dropped nearly 2 million barrels per day since 2007. Over the same period, U.S. imports of oil have dropped 2.1 million barrels per day.
That's 4 MMBD and what the author does not realize is that,
Yes, we can and WILL stop oil imports.
The problem is the reason we're stopping.
There's No Return on Consumption.
No burning/wasting oil, no economic growth.
Which is why that Stat above also tells us how bad the Depression now is....;}
And speaking of debt...
How does the Lender get his collateral back on a loan for oil when the oil has been burned up....;}
