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If The Economy Is Recovering, Why Is Not Energy Demand?

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This from a new "behind the scenes" macro economic source, who has apparently been producing these for a while.... and is a former oil company employee.

Note that Exxon has maintained that any negative growth rates imply impending (or actual) recession.

So if we truly exited the recession, can someone explain these annualized numbers...

And more importantly in the instant case, what do you think we're going to see with these monthly change numbers in the next month's economic reports?

Right after the election..... and right into the Holidays.

Economic growth eh? I have previously presented freight tonnage and OTR trucking anecdotes, but this is not anecdotal - it is hard data, and economic growth always requires growth in energy use. While there are improvements over time due to efficiency gains they sure don't come at these sorts of rates.

The claims of "economic recovery" are nonsense - or, if you prefer, intentional lies.

So we we use the tools to analyse a banana republic it would appear that the US is in deep trouble.

Still I'm sure it's contained and the US has some of the best minds in world working on the problems at hand.

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Very interesting... just an aside - summer 2008 (when oil was $150ish) demand was actually falling then...

The concept of "supply & demand" is dead.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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