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    rtfm..., 2008-07-20 15:37:11 | Main | it's not exactly chocolate cake..., 2008-08-01 15:07:35

    I'd like to thank the reputable radio broadcast business press that reported repeatedly throughout the day that Americans drove 40 billion fewer miles this year through May, without making any attempt to put that number in the context of anything at all, other than that this somehow explains a 10% some drop in oil prices, or so NPR's experts told me. Total American mileage per year? About 3 trillion. A, uh, 1.3% drop in gas demand, if I'm not mistaken, all things being equal. Of course, that wouldn't have much to do with total oil demand, since gasoline is just one component of a barrel's product, and the US market is, so we're told, a quarter of the global market demand, so let's call it a .3% reduction in global demand for fossil transport fuel. A back of the envelope calculation suggests a roughly equal probability of the one explaining the other as my running over an NPR Marketplace expert while I'm looking such basic data up on the internet while behind the wheel. Those highways are dangerous.


:: posted by buermann @ 2008-07-28 23:36:41 CST | link


    Comments:
      NPR Marketplace experts are a real road hazard! I nearly ran over a gaggle of them this morning, on my way to pick up garden supplies (which were stolen, alas, by another marketplace expert).

    posted by Zomg @ 2008-07-31 16:40:08 | link

      I heard on NPR that the Belgians that bought Budweiser are planning to send the Clydesdales to the glue factory.

    posted by Zomg @ 2008-08-03 02:27:32 | link




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