High Oil demand Destruction - Retail consumer poll

Discussion in 'Economics' started by Musashi, Jun 27, 2008.

How much has your household reduced crude oil usage, or is in the process of.

  1. Who gives, I’m using more oil

    4 vote(s)
  2. No change

    17 vote(s)
  3. I have cut my use by 5%

    2 vote(s)
  4. I have cut my use by 10%

    6 vote(s)
  5. I have cut my use by 20%

    9 vote(s)
  6. I have cut my use by 30%

    6 vote(s)
  7. I have cut my use by 40%

    0 vote(s)
  8. I have cut my use by 50%

    2 vote(s)
  1. Musashi


    High Oil demand Destruction - Retail consumer poll

    How much has your household reduced crude oil usage, or is in the process of.

    a) Who gives, I’m using more oil
    b) No change
    c) I have cut my use by 5%
    d) I have cut my use by 10%
    e) I have cut my use by 20%
    f) I have cut my use by 30%
    g) I have cut my use by 40%
    h) I have cut my use by 50% or more
  2. There should be an option past h. I don't bother driving at all anymore unless I absolutely have to (once every couple weeks maybe). I use a bicycle that cost less than a tank of gas now.

    edit; i'm also doing poorly in the stock market so that might have something to do with it
  3. Musashi


    More votes please
  4. Musashi


    120 views 15 votes!

    More votes please.
  5. AngryBear


    US OIL INVENTORIES: Crude Inventories Post Surprise Gain
    Last update: 6/25/2008 10:49:50 AM
    NEW YORK (Dow Jones)--U.S. crude inventories posted an unexpected gain in the week ended June 20, bucking analysts' expectations and five consecutive weeks of declines, according to data released Wednesday by the U.S. Department of Energy.
    Crude oil stockpiles rose 800,000 barrels to 301.8 million barrels, compared with an average survey estimate of a 900,000-barrel draw.
    Gasoline stockpiles dropped by 100,000 barrels, in line with the average forecast of the Dow Jones Newswires analyst survey.
    Distillate stocks, which include heating oil and diesel fuel, climbed 2.8 million barrels to 119.4 million barrels, compared with analysts' forecast of a 1.9-million-barrel build.
    Refining capacity utilization dropped 0.7 percentage points to 88.6%. Analysts had expected a 0.3-percentage-point increase.
    U.S. Oil Inventories:
    For week ended June 20:
    ...............Crude Distillates Gasoline Refinery Use
    EIA data: .... +0.8 +2.8 -0.1 -0.7
    Forecast: .... -0.9 +1.9 -0.1 +0.3

    Figures in millions of barrels, except for refining use, which is reported in percentage points. Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the week.
  6. AWill


    We don't use oil, outside the norm.

    I ride my bike everywhere I go. :) Laugh now, but I'm saving some bills every now and then.
  7. Musashi


    This poll is painting an interesting picture.

    Does anybody have a breakdown of the crude oil usage-

    the percentage of retail consumer oil usage vs business.
  8. Musashi


    US Motorists Drove 9.6 Bln Fewer Miles On-Year In May -Report
    Last update: 7/28/2008 1:47:39 PM
    WASHINGTON (AFP)--Motorists in the U.S. drove 9.6 billion fewer miles in May than in the same month a year ago, according to figures released Monday, with officials blaming high gasoline prices.
    The figure represents the largest year-on-year decrease for May since the Federal Highway Administration (FHA) began compiling statistics 66 years ago, the agency said.
    "This is the largest drop in vehicle miles traveled for any May, which typically reflects increased traffic due to Memorial Day vacations and the beginning of summer," the FHA said in a statement.
    Rising gasoline prices have pushed people in the U.S. out of their cars and into public transportation or carpools, officials said.
    "High fuel prices are behind the fall in vehicle miles traveled," FHA transportation specialist Steven Jessberger told AFP.
    "A number of public transportation authorities are reporting an increase in ridership compared with last year. The service I use has seen an 18% increase in ridership compared with a year ago," said Jessberger, who commutes 50 miles daily by bus into Washington.
    In the first five months of this year, Americans put in nearly 30 billion fewer miles on public roads than in the same period in 2007, the data showed.
    During that period, gasoline prices rose from about $3.20 dollars a gallon to more than $4.
    Vehicle miles traveled in May this year were at their lowest level since 2003, FHA data showed.
    In May 2003, petrol averaged around $1.70 dollars a gallon in the United States.
    By May 2007, it had doubled to around $3.40 dollars, and a year later it was nudging four dollars per gallon, according to data from the U.S. Energy Information Administration.