by kublikhan » Thu 03 Jul 2008, 05:01:27
$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('kublikhan', 'I') see from late 1970's to 1990's, MPG increases. I also see fuel consumption dropping during that time. Then I see in the 1990's, MPG flat lines. That's also when the market was flooded with cheap oil. What happened? Fuel consumption started rising. Your own source would seem to support my argument.
I'm not sure how you see fuel consumption dropping. That may have been the case for a short while but you have to effectively multiply the bottom two data lines together, to get total fuel consumption.
If increased efficiency results in lower consumption, wouldn't that also lower the price, as well as increased production flooding the market?
The green line is total fuel consumption. As was discussed earlier, there was a huge surge is the supply of oil in the 1990's the caused the price to tank. If you notice, the mpg flat lines in the 1990's as well. So you can't say flat mpg caused the price to lower.