Too many muslims there mate... not sure whether he would even want to go there. You guys should invade Venezuela! Probably the locals would even support that, since the current Government isn't really doing anything for them. Do you have Twitter? Point it out to Trump, they have the worlds largest oil reserves... and poorest people... so they're doing something wrong, even Trump can fix that shit.... Lot's of pretty women too, Trump loves that stuff!!
Hmmmm. Lots of waterfront down there. Primo real estate for hotels and golf courses. Could be a good move. I'll Tweet the D-man.
And since domestic production plus Canada and Mexico pretty much covers all U.S. domestic consumption, a run rate calc on the "reserves" doesn't mean a whole lot.
Not really they just claim to be more fuel efficent, they really haven't changed in 25years which is sad, it's mainly the increased emission controls holding them back. Maybe the drop in consumption is they've filled up all of there reverses ready for what ever is to come next uggghhh!!
So that's true for the existing car fleet, but average fuel efficiency of new cars sold in the U.S. fleet has gone up 30% in the last 25 years, (https://www.rita.dot.gov/bts/sites/...ansportation_statistics/html/table_04_23.html). That would tend to indicate that the problem is not increased emissions controls but old cars. In truth emissions controls haven't had a huge impact on fuel efficiency since catalytic converters, I mean something like positive crankcase ventilation doesn't impact anything from an efficiency standpoint. The huge exception to this is the diesel emissions standards which have precluded a whole raft of very fuel efficient diesels from being sold in the U.S.
2) Your statement and the number do not make sense to me. There are ~250 millions vehicles in the US are you telling me that each is driven only 2.9 millions/250 millions or 0.01 mi in a year/month? It does not make sense even if the number is per day.
You could be right. Check out this chart. Maybe I'm seeing something wrong. https://fred.stlouisfed.org/series/M12MTVUSM227NFWA
I am no economist but just an ex-engineer. Let me run some numbers: CAFE has not changed much in 25 years: 27.5 mpg from 1990 to 2010 and only gradually gone up since 2011 to ~34 mpg in 2014 so do not expect fuel efficient to go up much. In fact fuel efficiency did go up since 1990, from 18.8 mpg to 21.4 mpg, about 14% consistent with gradual retirement of older less fuel efficient vehicles after CAFE started to increase in 2011, taking into account life expectancy of vehicles (~10 years) and vehicle population. So, I don't think emission controls had anything to do with it: https://www.rita.dot.gov/bts/sites/...ansportation_statistics/html/table_04_23.html As for the drop in consumptions, perhaps it has more to do with bad weather all over the US in Jan/Feb this past winter than anything else? National economic activities, like an oil tanker, have inertia and I just don't think they can stop/start on a dime. Maybe the economists at Goldman are smarter and more knowledgeable?