Debt Rattle Aug 13 2014: A Crowded Runaway Train
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Warner Bros Lauren Bacall publicity still from To Have and Have Not 1944 If you put all the pieces in a jigsaw puzzle in their proper places, a pictur
[See the full post at: Debt Rattle Aug 13 2014: A Crowded Runaway Train]What does it mean? It means a growing economy cannot take higher prices for oil. It will be interesting to see how long prices can fall and production rise in tandem. Any wagers?
If people in general have made changes both in life style mobility and transportation efficiency should not that be taken into account here. No such statistics seem to be given in this article, are such available?
I would estimate that my driving has been cut by 20% to 30% since 2008. Nothing other than planing more completely and driving less as a result. Many are now downsizing their transportation with an eye to fuel efficiency. That I have not done as I see no cost effectiveness in it for myself. I estimate I have gone from 15K miles per year to under 10K. This if others are doing similarly this would certainly account for some of what is reported.
Jolly John (John Jolly?)
The graphs of all the miles driven by Americans were sorted out on Zero Hedge last winter, as I recall. It’s out in the ethersphere somewhere. Americans are driving slightly more of fuel efficient vehicles since 2008, but overwhelmingly, they are driving fewer miles.
It looks the same to me. I bike commute 28 miles on a work day, and live farther, but cheaper.
We’ve been helping our 4 kids with higher education in recent years. It’s down to 3 this fall, but some emergency always jumps up, too…
I find that I think a lot differently about batching tasks than I did 15 years ago, when I just drove everywhere.
I still drive sometimes, but not to work, and I batch tasks when I do decide to use a motor vehicle.
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