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Page added on May 31, 2016

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Gas-Guzzlers Take Over The Roads Again

Gas-Guzzlers Take Over The Roads Again thumbnail

Sadly, everyone has seemingly forgotten that the lessons of the past can help prepare us for the future. For example, one would assume that the sting of owning an truck or SUV during the financial crisis would stick with consumers long enough to deter them from falling back into the same trap again just because oil was trading lower… then again, just as assuming market participants would remember that time period, one would be wrong.

So here we are once again. Last year, SUVs outsold any other type of passenger vehicle in Europe for the first time, and the trend has continued into 2016 as Bloomberg reports.

The same is occurring in the US, as today light trucks, vans, and SUVs account for 60 percent of the total vehicle sales, a level only reached briefly in 2005 when Brent averaged $55/bbl – meaning that once again low oil prices have lured consumers back into buying less fuel efficient vehicles.

In April, the average car sold achieved a fuel economy of 25.2 mpg, down from a peak of 25.8 mpg set in August 2014. As Bloomberg notes, at current trends, 2016 will mark the first drop in average US fuel economy since at least 2007.

“Fuel economy improvement is really flatlining. The gains completely stopped right at the same time that oil prices started to decline” said Sam Ori, executive director of Energy Policy Institute at the University of Chicago.

 

As further evidence that consumers having amnesia, light trucks as a share of total US vehicle sales is also hovering around record highs since 1976

 

China is not immune to this of course, as according to official data, vehicles such as light trucks and SUVs accounted for almost 35 percent of Chinese passenger sales in April, up from 10 percent in 2010, and less than 5 percent a decade ago.

“Consumers are thinking that a period of plentiful oil supply is here to stay” says Christof Ruhl, head of research at the Abu Dhabi Investment Authority.

US demand for fuel peaks between the Memorial Day holiday in late May and Labor Day in early September when Americans usually take vacations, so given the trend of consumers going to bigger, less fuel efficient cars, it’s easy to determine that demand will perhaps help oil prices rise during that time. However, a lot depends on the global economy and the supply side of things, neither of which look to be helpful at the moment, as US and China manufacturing PMIs are slumping and Saudi Arabia plans to boost production even more.

All we can say to this is that just as with the last financial crisis, cheap oil is there until its not, and vehicle manufacturers have demand for all of those trucks and SUVs until another crisis hits and they find themselves back in need of a bailout for over committing to those product lines.

As for the markets, well, we know how that ends as well.

Which reminds us of Rudyard Kipling’s poem “The Gods Of The Copybook Headings”, specifically this portion:

Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it once more.

 

As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began.
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool’s bandaged finger goes wabbling back to the Fire;

Zerohedge



51 Comments on "Gas-Guzzlers Take Over The Roads Again"

  1. Apneaman on Tue, 31st May 2016 8:46 pm 

    Big trucks and SUV’s are good to have down in texass because they only get swept away in 3 feet of flood water whereas a wimpy compact starts floating and spinning in 2 feet. I think Dodge is offering a special edition RAM with inflatable arm bands next year. Projecting big sales in the greater Houston area. Good looking out Dodge.

  2. makati1 on Tue, 31st May 2016 9:30 pm 

    Ap, I think they will also be good places to sleep in when you lose your home and everything you had in the coming collapse. They won’t be repossessed because everyone will be busy surviving. Why repossess something that will have no value other than as a street shelter?

    They should go out and buy the biggest one they think they can afford. Odds are very, very good that the collapse will come before that last payment 7+ years away. Many changes coming and they are NOT positive!

  3. Go Speed Racer on Tue, 31st May 2016 9:45 pm 

    Oh hell ya, Pistons the size of coffee cans. 6000 pound battle barge. Rides like a ship on ocean swells. Freon rfrigerant blows snowflakes into your face. Power windows and a moonroof and an 8-track player. Bring it all back. Anybody who disagree is a communist. Go stand in line for toilet paper.

  4. Plantagenet on Tue, 31st May 2016 9:45 pm 

    When oil prices are low people stop buying small cars and EVs and instead buy big cars and trucks.

    This is another side effect of the oil glut and the collapse in oil prices.

    Cheers!

  5. Dustin Hoffman on Tue, 31st May 2016 10:13 pm 

    One guy in the neighborhood owned a Mazda rice burner that I admired. Recently, saw a nice Chevy truck in its place and when asked why he traded the Mazda.
    It’s always about the money; he claimed he needed it for work. He could make extra cash with side jobs that wasn’t possible with the Japanese ecobox.
    Now, folks rationalize just about any conflicting action/decision.
    Remember back in 2008 with the jump in gas prices….couldn’t give them trucks away and old Chevy Geo Metros were selling for outrageous prices.

  6. GregT on Tue, 31st May 2016 10:17 pm 

    “When oil prices are low people stop buying small cars and EVs and instead buy big cars and trucks.”

    Oil prices are not low planter. Stop playing your post-menopausal games.

  7. GregT on Tue, 31st May 2016 10:28 pm 

    Dustin Hoffman,

    When gasoline prices here were approaching $1.00/L, the local paper was full of ads for cheap, full sized, brand newish pickup trucks. That was in or around 2001. Fast forward 15 years, and people are lining up to buy the biggest trucks that they cannot afford, with gas prices much higher than they were back then. If there is one takeaway from all of this, it is that human beings have extremely short memory spans.

    Planted-agent above is a prime example of this.

  8. Dustin Hoffman on Tue, 31st May 2016 10:38 pm 

    Adjusted for price inflation, gas prices are low. Not cheap, but low.
    Where I was in North Carolina at the time, when a barrel of oil jumped near $150, and $5.00 a gallon gas, my co workers, who owned large pickups and commuted a distance from work were hurting. They took advantage of the cask for clunkers program the Federal government offered and dumped those trucks. Believe me, no one was buying them and no trade in value at all.

  9. GregT on Tue, 31st May 2016 10:48 pm 

    “gas prices are low. Not cheap, but low.”

    Not true Dustin,

    http://www.eia.gov/forecasts/steo/realprices/

    Would you be one of those with extremely short memory spans? You appeared to have so much more potential….

  10. Boat on Tue, 31st May 2016 10:50 pm 

    I just filled up for $1.95 today. Beats the $3.80 I used to pay.

  11. Plantagenet on Tue, 31st May 2016 10:54 pm 

    @GregT

    The math is pretty simple on oil prices, Greg. Way back in late 2014 oil was selling for over $100 bbl. Then the oil glut hit and the price collapsed to $26 bbl. Now its crawled back up to ca. $50 bbl. But $50 bbl is only half of the pre-oil glut price of $100 bbl.

    a 50% reduction in price is generally considered a pretty good discount, i.e. a “low price”.

    Cheers!

  12. Dustin Hoffman on Tue, 31st May 2016 10:55 pm 

    No, shortonoil maybe will set you straight…and you will see potential,
    Boy, these people that post here take themselves far too serious. Like it really means anything these posts that a small numbers read in a circle vie for recognition…so funny.

    https://m.youtube.com/watch?v=-cDAqrywsHE

    Welcome backkkk….

  13. makati1 on Tue, 31st May 2016 11:03 pm 

    Regular Gas in 1962 was ~ $0.29/gal.
    1962 gas in 2016 dollars = $2.30/gal.

    So, today’s gas in NOT cheap. It is about where it should be. And 1962 gas was high energy, not watered down, bio-additive, lower energy gas.

  14. GregT on Tue, 31st May 2016 11:11 pm 

    “I just filled up for $1.95 today. Beats the $3.80 I used to pay.’

    ” Way back in late 2014 oil was selling for over $100 bbl. Then the oil glut hit and the price collapsed to $26 bbl.”

    I rest my case. Human beings in general, have extremely short attention spans.

  15. GregT on Tue, 31st May 2016 11:25 pm 

    “Like it really means anything these posts that a small numbers read in a circle vie for recognition…so funny.”

    So how’s about you Dusty-boy? Got anything intelligent, truthful, or meaningful to add to the conversation? How about an intelligent rebuttal to my above post? Or are you such a meaningless waste of a human being that all you are concerned with is personal satisfaction, and recognition? Got something meaningful to say?

  16. Dustin Hoffman on Tue, 31st May 2016 11:33 pm 

    Hey, that’s how it IS!
    Reality is this here website will NOT change the outcome one iota.
    It is an exercise in futility.
    I see a bunch of over the hill (association intended), BAU males just spinning there yarn…trying to top one another.
    Ask Davey…your moderator…he already set me straight….
    Now, please, don’t get angry.
    What you all are doing is harmless enough.
    But please, don’t feel like it is some achievement for the betterment of the world.
    That is just self deception.

  17. Plantagenet on Tue, 31st May 2016 11:36 pm 

    @Mak

    Whether or not you want to use the word “low” as in low prices, will you at least agree that gas prices were higher just two years ago before the oil glut?

    Cheers!

  18. makati1 on Wed, 1st Jun 2016 12:09 am 

    Yep, they were. Just like to put some price perspective into the convo. Gas is cheap. It should be $10+/gal to discourage waste. We are cooking in the pot because of “low” fuel prices.

  19. dave thompson on Wed, 1st Jun 2016 2:12 am 

    Gas is not cheap at any price one cannot afford.

  20. Boat on Wed, 1st Jun 2016 4:39 am 

    Dustin Hoffman on Tue, 31st May 2016 11:33 pm

    Everything you said has mentioned before. Your just a newbie. Insulting the group and age is rather rude. I have read many of your posts. You seem to add conversation without adding much to the conversation.

  21. Davy on Wed, 1st Jun 2016 6:46 am 

    We should not let price be the tool to control consumption here forward. Yet, to stop using price would be the end of the status quo. More Catch 22’s to confound or illusions of normal. Price is the traditional supply and demand Econ 101 thAng and Econ 101 is no longer valid as a tool to navigate a crisis. It is the same thinking that has this global world in a Ponzi arrangement of growth and profit at all cost.

    Now that we know oil is vital, systematically foundational, and dangerous destabilizing to the environment we must make oil prices “JUST”. Just as in fair, efficient, and sustainable. The only way to do that is limiting supply. The only way to do that is lower production and have a full blown crisis where supply and demand cannot be easily manipulated. What we have to render this down to in the end is a transformation of attitudes and lifestyles. Only crisis can do this and with a “Just” value. This has to be global also. We can’t have controls without a global protocol. This is just theoretical thinking of course but one that is needed for us to realize how bad things are.

    We must treat oil and our oil based culture differently just as a spaceship coming back from Mars would have to if a system failure delayed the trip and food was an issue. Oil is our issue. Price is an issue as in a poor resource allocation mechanism. This is the case now because we are in new dynamics that do not reflect the old normal. The economy can’t afford high oil prices. The economy can’t afford low oil prices. Oil is too important on both ends of supply and demand.

    This is why we are in a dangerous phase of supply and demand destruction. We don’t see it in the demand and supply figures but it is present in the actual systematic health of the whole complex and economy. We are close to a difficult period of supply shortages and or economic drop in activity that deflates demand. This is a vicious cyclical phase of destructive change.

    This is a dangerous period because we have so many people to support in this global interconnect world that is clearly in overshoot. If this support system is disrupted we have state failures. State failures are contagious and will spread if enough are destabilized. Vital trade routes and production are affected. A change in anything about oil is going to cause everything to be affected.

    Just prices enforced by rationing is our only hope now that there is no hope in the markets. The markets are heading in the direction of failure. Centralized control through rationing is the answer to extending fossil fuels. It does not mean a future because the status quo is ending anyway. The issue is timing. How much time do we have to live? A collapsed global system in any form even the right one will kill many people because of a lack of economic activity to take care of everyone. We overshot our carrying capacity there is no undoing that there is just better worse collapse.

    Anything that disrupts growth will end the global system. The global system is being disrupted now itself in its own process. The idea of rationing to change system dynamics is an option that acknowledges we have no future on the present course. This of course will not be done until it is too late. It will be forced upon us then it will be done haphazardly and dysfunctionally.

    We are going to have no organized approach to handle this huge disruption. People must be educated and people put in place to manage these things. We have nothing but FEMA and the military which will likely end up being the default. I do not expect these ideas to gain traction but we should know what an option is. We have no plan B for anything. We have the green market illusions that are a complete deception. The only options that can succeed are ones involving destructive change through crisis. This is because the real crisis is our attitudes and lifestyles. You can’t make modern life green. You can’t change people except by crisis. Markets and price are not an option in a crisis. We are very close to a crisis and just like individual prepping it takes time to organize.

  22. Cloud9 on Wed, 1st Jun 2016 7:39 am 

    If Short’s charts are correct, how far out are we from systemic collapse? Not far. With that in mind, if I had to load up and flee a population center which would I prefer as escape vehicle, a Honda Civic or a brand new tricked out F 150?

  23. Cloud9 on Wed, 1st Jun 2016 7:45 am 

    I might add that is why I bought my son one. He and his family live in Largo. When the balloon goes up they are coming inland to the ridge and the old home place. That truck will carry the five most important people in the world plus a good bit of supplies and gear.

  24. Davy on Wed, 1st Jun 2016 7:56 am 

    Cloud, collapse preparations are a little like being able to judge a market move. It is not going to be completely evident. There is going to be an element of art, “guts”, and “action” risk. I would suggest having some kind of plan and maybe actually taking a weekend to play out a “bug out”. If you are talking about Key Largo then you must be careful not to get trapped on a narrow escape route by car. You may also want to have a boat to move with. It is very good you are at least talking about this.

  25. Apneaman on Wed, 1st Jun 2016 9:29 am 

    Keeping a fresh cylinder of helium on hand might be the most useful collapse preparation essential or ordering a bunch of Nembutal online. Best to be prepared for the worst.

  26. penury on Wed, 1st Jun 2016 9:55 am 

    Sorry folks gas is not cheap, Oil is not cheap. What you pay at the pump represents a fraction of the “cost” of the oil. You really want the true cost of your gallon of gas? You have to compute the total cost of, the military necessary to procure cheap oil, the number of dead caused by your cheap oil, the refugee problem in the middle east at least partially caused by your cheap oil, the destruction of habitat for other animal species, global warming, infra=structure replacement due to rising seas. No your cheap oil is not cheap, it is just that future generations will get to pay the bill for your cheap gas. Happy motoring, its the American way.

  27. makati1 on Wed, 1st Jun 2016 10:07 am 

    penury, no American even thinks about how much blood and pain is in every gallon of gas. How much of their tax dollars (lives) go to subsidize petroleum companies.

    At 40% total income tax, (low total average) they will work about 4,200+ days out of 40 years to pay their taxes, or about 12 years of their working lives. In hours, that is about 3 solid years 24/7/365 of slavery to the government.

    Gas is not cheap. But ignorance is rife in America. Keep them stupid and send them another credit card with free money…

  28. JuanP on Wed, 1st Jun 2016 10:07 am 

    In 1991 I bought an old Mustang, afre that I owned two VW, a Cabriolet and a Golf GTI. Then I bought a Honda Civic around ’96, which floated on two feet of water in ’98 and never was the same after that. We moved on to two Suzuki Swifts, the Japanese version of the US Geo Metro. We loved those subcompact hatchback Suzukis and held on to them for around a decade. When we sold them we bought a 4WD Mercedes ML 320 like the ones in the movie Jurassic Park. The increasing regular street flooding was a big factor when deciding to buy a higher car, and we settled for an SUV. It ended up being very useful, comfortable, and safe. We are happy with it and drive it very little. It is time to replace it and I am thinking of buying a Jeep.

  29. gwb on Wed, 1st Jun 2016 10:22 am 

    Apneaman,
    You’ve been a regular commenter on James’ megacancer.com web site. It’s no longer online – there is a “suspended page” URL when I go to it. Any idea what might have happened?

  30. noobtube on Wed, 1st Jun 2016 10:24 am 

    Wasn’t there discussion on here back in 2011 about how Americans had learned their lesson about buying gas-guzzling vehicles?

    Well, it looks like Americans have not learned a DAMNED thing.

    Personal cars turn sane, rational, logical people into selfish, ungrateful, entitled, spoiled assholes.

    It doesn’t matter where in the world you are. It is like magic.

  31. Apneaman on Wed, 1st Jun 2016 10:34 am 

    gwb, noticed that too. I have no idea. If I see James commenting at other blogs, I’ll ask him.

  32. Cloud9 on Wed, 1st Jun 2016 11:17 am 

    Davy, you are right. Judging when things come apart is impossible. My experience is that the collapse you prepare for is not the one that happens. Y2K set me up pretty well for the 04 hurricanes. They were modest preps but they put me ahead everyone else in the area. The kids have a second plan to get out by boat. I am rebuilding my Pinzgauer just in case there is an EMP event. If we go the Venezuela route, we will bring them all back home and start farming again.

  33. efarmer on Wed, 1st Jun 2016 11:37 am 

    I live in St. Charles County, MO. The SUV protocol is in full effect here. It works as follows:
    1. Buy monster SUV with tinted windows.
    2. Wear sunglasses.
    3. Wear a bluetooth headset and bob your jaw constantly while driving and talking so you look like a cow chewing cud to all observers.
    4.Do not ever stop at a stop sign slow and roll through whithout turning your head to acknowledge the existence of any other drivers at the interstection. Talk on your bluetooth headset during this entire sequence.
    5. If an idiot who arrived earlier than you attempts to take the intersection gun the engine and lay on the horn and proceed.
    6. Teach all you teenagers how to do this, give them your older SUV’s when you upgrade.
    7. Gas is cheap, if it ever goes back up, THEY, did this to you, and THEY must be punished, if only we knew who THEY are.
    8. Bring SUV to Hispanic staffed car wash, remove glasses and bluetooth headset, watch them like a hawk, this is mission critical stuff, make sure there is not a streak on God’s SUV.

  34. penury on Wed, 1st Jun 2016 12:00 pm 

    Today is 1 June 16, I recommend that interested parties should visit Z-Hedge today and read some articles.

  35. Plantagenet on Wed, 1st Jun 2016 12:42 pm 

    Thats good advice. People should read zerohedge everyday.

    Which particular article at Zerohedge caught your eye today, penury? Please expand your on your suggestion.

    Cheers!

  36. Sissyfuss on Wed, 1st Jun 2016 1:07 pm 

    I was an assistant mgr at a gas station in Tampa in 1971. During one of regular gas wars we participated in we sold reg at 18 cents a gallon. However the mgr would make up any financial loss by having me after closing stick the water hose into the underground tank and run it till he said stop. True story!

  37. penury on Wed, 1st Jun 2016 2:11 pm 

    Plant, today is a vintage day, practically a vertable feast of doom.

  38. Apneaman on Wed, 1st Jun 2016 3:02 pm 

    penury, I wouldn’t be too trusting of those zerohedge articles without checking the sources and “facts” for yourself. Be especially weary of one of zerohedges newer friends, Superstation95 – not a station. Just 1 guy. An ex convict who just makes shit up.

    http://www.snopes.com/tag/superstation95/

    “Only SuperStation95 reported on the alarming details of suicide note purportedly left at the scene (without any background information on how they came to be in possession of such a sensitive document).

    Superstation95 is an online presence that is neither a “superstation” nor a legitimate news source, but rather a repository of misinformation from Hal Turner, a white supremacist who was sentenced in 2010 to 33 months in prison for making death threats against three federal judges. (The individual listed on the site’s “Contact” page is Turner’s criminal lawyer.)

    Beginning in late 2015, Turner’s Superstation95 began spreading alarmist hoaxes and conspiracy theories on social media, frequently building upon legitimate tragic or frightening events with falsified details. Among the most widespread of these were claims that a large group of Muslim men fired upon campers and hikers in California, that Fukushima radiation caused severe mutations in marine life, that cargo ships mysteriously ground to a halt and signaled an imminent economic catastrophe, that a deadly Las Vegas strip crash involved a driver shouting “Allahu Akbar,” that the San Bernardino shooting occurred because the shooter was offended by pork served at a holiday party shortly before the massacre, and that the Earth’s “magnetosphere” collapsed for two hours.

    The site’s claims spanned many conspiracy themes, but remained cohesive in their consistent lack of credibility, accuracy, or respect for the victims of tragedies. As with prior topical yet fabricated information from the site, Superstation95 used an actual event (the death of an ICE agent) to add untruths that seemed to have been written for the sole purpose of gaining pageviews.”

    http://www.snopes.com/new-york-ice-agent-suicide-note/

    Coincidentally, Tom Lewis has just this morning posted a good new article on the bullshit and/or incompetence of big media.

    Lies, Damned Lies, and News Reports

    “How are we to fulfill our responsibilities as informed citizens (I know, it’s a quaint concept) when the information we get is consistently wrong and/or incomplete? For starters, it helps to understand the nature of the problem — in this case the dumbness and dumberness of American journalism. First Rule: when something is happening either because of stupidity or a conspiracy, always assume stupidity. These people aren’t smart enough to maintain a conspiracy.

    Consider, for example, “U.S. Leads Globe in Oil Production for Third Year.” Anyone who has paid any attention at all to the oil industry in recent years knows that can’t be true. So how can a slick website like Climate Central, “researching and reporting the science and impacts of climate change,” join the knuckle-draggers who published and believed it?”

    http://www.dailyimpact.net/2016/06/01/lies-damned-lies-and-news-reports/

  39. Davy on Wed, 1st Jun 2016 3:16 pm 

    Superstation95 is rarely ever referenced on Zerohedge. I have never referenced them on this site. In fact please reference some of the articles O great suck. Besides ZH is a news amalgamator. Dumbass PCR is routinely on ZH as is JHK. Anyone throwing out a stupid one hit wonder example like SS95 is obviously playing the typical straw man grab ass game.

  40. Outcast_Searcher on Wed, 1st Jun 2016 3:40 pm 

    Peoples’ (in general) lack of ability or willingness to plan is just amazing.

    When gasoline prices inevitably rise a lot in a year or five, there will be no end of whining about how unaffordable gasoline is. And of course, endless accusations that it is all someone, anyone ELSE’s fault — but certainly not the clown in the mirror that splurged on the behemoth vehicle they didn’t need.

  41. Apneaman on Wed, 1st Jun 2016 4:18 pm 

    “rarely”

    Divot the Missouri retard is now the PR representative for zerohedge

    We “rarely” republish fake conspiracy articles from ex convicts on our fine site. The “rarity” of the fakes somehow makes it ok.

  42. Apneaman on Wed, 1st Jun 2016 4:34 pm 

    Zero Hedge’s Anonymous Authors Have Been Unmasked

    “Lokey complained to Bloomberg, however, that the site is disingenuously supporting this political point of view in order to reap big profits from page-view driven advertising. He argued that Ivandjiski’s multimillion dollar home in Mahwah, New Jersey was evidence that his iconoclasm was just an act. “What you are reading at Zero Hedge is nonsense. And you shouldn’t support it,” Lokey wrote in an e-mail to Bloomberg. “Two guys who live a lifestyle you only dream of are pretending to speak for you.””

    http://fortune.com/2016/04/29/zero-hedge-unmasked/

    Is the Alt-Right for Real?

    “olin Lokey confessed to Bloomberg that, until days earlier, he had been one of the unknown authors of Zero Hedge, a blog that combines analysis of the financial markets, emphasizing the essential corruption of Wall Street, with what CNNMoney once called “a deeply conspiratorial, anti-establishment and pessimistic view of the world.” Each post on Zero Hedge is written under the pseudonym Tyler Durden, Brad Pitt’s character from “Fight Club,” a workingman’s nihilist.”

    “By his own account, Lokey was writing as many as fifteen posts a day, among them most of the political pieces. The gig had a certain formula, he told Bloomberg: “Russia=good. Obama=idiot. Bashar al-Assad=benevolent leader. John Kerry= dunce. Vladimir Putin=greatest leader in the history of statecraft.” For Zero Hedge, Syria was a special obsession, a sign of the essential strength of authoritarian regimes and the weakness of democracies. (“Putin Is Winning the Final Chess Match with Obama,” one Zero Hedge article claimed last fall.)”

    “Remove the Tyler Durden mask and there were Backshall and Ivandjiiski, two successful bankers pushing populism.”

    http://www.newyorker.com/news/benjamin-wallace-wells/is-the-alt-right-for-real

  43. Apneaman on Wed, 1st Jun 2016 4:41 pm 

    Divot, see what I just did with those last three posts exposing zerohedge for what they are and turning you’re lame assed defense inside out?

    Now that is what a real ASS WHOOPING looks like.

    Pay attention. You might learn something.

  44. Davy on Wed, 1st Jun 2016 4:57 pm 

    Old news ape hole and references I have already referenced here on PO but obviously you are too busy posting and not reading. You can’t do both because you have the biggest mouth on this board. You are an obnoxious asshole that is stuck on himself and must dominate the conversation.

    So what is your point? Where is superstation95 references chump? The reason you don’t like ZH is you are a financial illiterate. You are unable to understand subtle financial issues so you go the easy route and post populous hate speak. What a looser.

  45. JuanP on Wed, 1st Jun 2016 8:23 pm 

    The limits of oil’s rebound. https://www.project-syndicate.org/commentary/price-ceiling-for-oil-by-anatole-kaletsky-2016-05

  46. Plantagenet on Wed, 1st Jun 2016 9:09 pm 

    Obama is on TV right now doing an hour-long interview on PBS. Obama is boasting about how great the US economy is doing, and in particular he is boasting that RV sales in the US are at record numbers.

    Its just like the title to this thread says: Gas-Guzzlers Take Over The Roads Again

    Cheers!

  47. dooma on Thu, 2nd Jun 2016 6:44 am 

    To all the Simpson’s fans out there, remember the show about the Canyonero?

    The comically over-sized SUV….

    Can ya name the truck with four wheel drive,
    Smells like a steak and seats thirty five.
    Canyonero…
    Canyonero…

    When it goes real slow with the hammer down,
    Its the country fried truck endorsed by a clown.
    Canyonero…
    Canyonero…

    Twelve yards long two lanes wide,
    Sixty five tons of American pride.
    Canyonero…
    Canyonero…

    Top of the line in utility sports,
    Unexplained fires are a matter for the courts.
    Canyonero…
    Canyonero…

    She blinds everybody with her super high beems,
    She’s a squirrel squishin’ deer smackin’ drivin’ machine.
    Canyonero…
    Canyonero…
    Yahh…yahh canyonero
    Whoa Canyonero.

  48. Kenz300 on Thu, 2nd Jun 2016 7:33 am 

    Electric cars, bicycles and mass transit are the future…..fossil fuel ICE cars are the past…………..

    Think teen agers vs your grand father…………………. cell phones vs land lines…….

    NO EMISSIONS……..climate change is real………

    Save money……no stopping at gas stations…..no oil changes……..less overall maintenance……

  49. PracticalMaina on Thu, 2nd Jun 2016 8:13 am 

    Dooma, awesome! I got passed today by a massive suv, Tahoe I believe or whatever the most obnoxious vehicle a single occupant can drive..other than an H1 or H2. They had a bumper sticker that said “Not in anyone’s backyard”, I believe referring to fracking…you would think someone who knows enough to know fracking is not a good long term choice for our country, would know driving a huge suv by yourself 70mph is kind of obnoxious.

  50. TrevorC on Thu, 2nd Jun 2016 10:38 am 

    SUVs outselling any other passenger car type in Europe! What! I sure don’t see many SUVs around. So I looked at the numbers. For a start the comparison splits sales into 10 different car types. So it is comparing SUV sales separately with compacts, sub-compacts, city cars etc etc. SUVs are about 22% of all car sales. But even that is not the true picture. What is called an SUV in Europe is not what is called an SUV in US. Most here are small two wheel drive cars with SUV shaped bodies – the current fashion. Example – The current Renault Captur “small SUV” has a 1200 cc engine and is based in the Renault Clio city car!

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