Tea512

Tea512 notices that when United States drivers start paying record prices gas, they have driven less for the 17^th straight month. That means this will be the first year in the last 27 where the driving rate actually went down. The streak of months on the decline is also the longest since 1979. In the month of May the number fell 3.7 percent. The May number was a total of 254 billion miles which is the lowest we have seen for one month since 2003.The total for the year is down 2.4 percent as we are already passed the big driving months of June and July. It is amazing how many sectors of the economy this effects from tourism, casinos, hotels, camp sites, rest stops, and restaurants. People are just not traveling far from home, more riders are taking public transportation and scooter sales are climbing. The days of climbing in the family station wagon on a Sunday to drive for an hour for an ice cream and a view of a beach are taking a hit, just as much as the road trip to Disney.

You day’s been numbered
And I’ve read your last page

W. Axl Rose 1991

If that is true, that is a 12-year supply for the United States. This report is in conflict with a Russian report that claims there is much less there. There is an for all intents and purposes unexplored in the artic for petroleum. This is the largest unexplored area for petroleum on Earth. Based on the history it takes about 10 years for reserves to get to market. This study used about 8.2 million square miles above the Artic circle, with comparable distinctiveness to oil and gas finds in the rest of the world. There is an exact set of conditions to create oil, they do not just happen, and they are not everywhere. The good part of the study is it only considered finding that use existing methods so the number is attainable. This is on top of the 240 billion barrels that is in 400 fields that have been capped. They are not being drilled because of the lack of pipeline and shipping stations. There is a report that demand for oil is up to over 86 million barrels a day. The United States uses over 7.3 billion barrels a year. The only truth is once it is gone there is no more. This is a Math equation and it does have a result.

Scrounging’ for change, To put some money in your pocket
My how scratch does burn

W. Axl Rose 1991