Industrialized Cyclist Notepad


Ireland GDP

In a graph, via Paul Krugman:

http://krugman.blogs.nytimes.com/2012/04/30/austerity-fantasies/?smid=tw-NytimesKrugman&seid=auto



US oil consumption and oil price in Brent

Via Stuart Staniford’s Early Warning:

http://earlywarn.blogspot.com/2012/04/us-oil-consumption-and-oil-prices.html

However, it’s also worth noting that the price required to make consumption decline has increased over time. In 2006-2007, prices of around $70 were enough to make oil consumption flatten and then decline. However, in late 2009 and 2010, similar prices obtained while consumption continued to rise. It took the rise to over $100 in spring 2011 to get consumption to start to decline again.