about 6 years ago
Is The Oil Choke Collar Beginning To Give Way
By: New_Deal_democrat- by New Deal democrat One of my running themes for the last several years is that we had an Oil shock from 1999 to 2008 that was fully equal to the Oil shock from 1973 to 1980. Except for 2008, the move was gradual enough that it did not actually put us into recesseion, unlike the two sudden disruptions of 1973 and 1979. A couple of years ago, having examined the issue at length, I targeted this year, 2013, as the year that the Oil choke collar might finally begin to give way, due to new oilfields and technologies coming online, use of alternative fuels, improved gas efficiency in vehicles, and conservation. Read more
