Good news at last : US petroleum consumption plummets to 14-year low.

[GliderGuider]

http://globaleconomicanalysis.blogspot.ca/2012/06/3-month-petroleum-usage-chart-for-march.html

A quick look at the EIA's coal consumption figures for the USA shows an even more pronounced pattern: coal consumption has dropped to the level of 1995. Calculated as a 12-month trailing average to smooth out seasonal effects, the monthly consumption is down from 95 million tons in the middle of 2008 to 81 million tons now - a drop of 15%.

Here's hoping for continuing declines in FF consumption.

[phantom power]

1. remarkable

(also remarkable that 1998 was 14 years ago)

[NickB79]

2. Coal and oil are down. What's natural gas doing? nt

[GliderGuider]

3. NG consumption has been pretty flat since 2001.

It's trended up a bit in the last two years, but only by less than 10% above the decadal average.

You can see it here:
http://205.254.135.24/dnav/ng/hist/n9140us2m.htm

[NickB79]

4. So, by "good news!" you mean the US economy is collapsing?

[GliderGuider]

5. Well, um, yeah...

[Swede Atlanta]

6. Ha-Ha-Ha!!!!!!

This is great news...Sorry Darth Cheney......hope you end up underneath a railroad trestle digging in the trash for a morsel of food.

[NickB79]

7. Cheney will be fine. We'll be fucked

If this drop is due to an economy about to crash and burn (and that looks more and more likely), a lot of lower and middle class people will be losing their jobs and homes just like in the last recession. The rich, like Cheney, will still be rich.

I guess the only consolation is that it will be cheaper to live out of your car if gas is $2/gal.