First Quarter Petroleum Usage Charts: Total Distillates, Gasoline, Jet Fuel, Fuel Oil

Here are some first quarter 2013 petroleum usage charts from Tim Wallace. The charts all show first quarter usage in 2013 as compared to first quarter usage in prior years.

click on any chart for sharper image

Petroleum Usage Q1 2013

Gasoline Usage Q1 2013

Jet Fuel Usage Q1 2013

Fuel Oil Usage Q1 2013

Residual Fuel Oil Usage Q1 2013

Tim Wallace writes …

Hello Mish

Here are separate charts for Total Distillates, Gasoline, Kerosene Jet Fuel, Fuel Oil (diesel, etc.) and Residual Oils.

Total distillates usage is at a level seen in 1998, and not much higher than 1996.

Gasoline usage is at a 2002 level. The drop from the peak year of 2007 is now 8.3%, quite dramatic.

Kerosene Type Jet Fuel is now lower in demand than 1992 and is 21.9% lower than the peak in 2001.

Distillate Fuel Oil usage which include such things as diesel and heating oils is now all the way back to 1996 levels, down 17.6% from the 2007 peak.

Once again that there can be little proof of major economic recovery, and more importantly, although we have apparently reached a bottom it is well off of historical levels.

Recall that president Obama said he would reduce our carbon emissions 15% by 2015. He may succeed, not because of “alternative” methods, but rather from demand destruction.

Tim

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com

Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Mish’s Global Economic Trend Analysis

First Quarter Petroleum Usage Charts: Total Distillates, Gasoline, Jet Fuel, Fuel Oil

Billy Corgan: Total Paradigm Shift

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Infowars.com
March 23, 2013

Smashing Pumpkins founder and lead singer Billy Corgan joined Alex Jones once again in studio for a powerful interview. In this excerpt, Corgan analyzes the momentum of the infowar, while hinting at an even greater awakening hindered only by population’s refusal to confront the truth and embrace a shift into a totally new paradigm.

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Intellihub.com

Billy Corgan: Total Paradigm Shift

Billy Corgan: Total Paradigm Shift

Tweet

Infowars.com
March 23, 2013

Smashing Pumpkins founder and lead singer Billy Corgan joined Alex Jones once again in studio for a powerful interview. In this excerpt, Corgan analyzes the momentum of the infowar, while hinting at an even greater awakening hindered only by population’s refusal to confront the truth and embrace a shift into a totally new paradigm.

Powered By WizardRSS.com | Full Text RSS Feed | Amazon Plugin WordPress | Android Forums | WordPress Tutorials
Intellihub.com

Billy Corgan: Total Paradigm Shift

Billy Corgan: Total Paradigm Shift

Tweet

Infowars.com
March 23, 2013

Smashing Pumpkins founder and lead singer Billy Corgan joined Alex Jones once again in studio for a powerful interview. In this excerpt, Corgan analyzes the momentum of the infowar, while hinting at an even greater awakening hindered only by population’s refusal to confront the truth and embrace a shift into a totally new paradigm.

Powered By WizardRSS.com | Full Text RSS Feed | Amazon Plugin WordPress | Android Forums | WordPress Tutorials
Intellihub.com

Billy Corgan: Total Paradigm Shift

Walmart Senior VP Asks "Where are All the Customers? And Where’s Their Money?"; "February MTD Sales a Total Disaster"

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Here’s an interesting story from Friday regarding sales at Walmart that just came my way: Wal-Mart Executives Sweat Slow February Start in E-Mails.

Wal-Mart Stores Inc. had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according to internal e-mails obtained by Bloomberg News.

“In case you haven’t seen a sales report these days, February MTD sales are a total disaster,” Jerry Murray, Wal-Mart’s vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. “The worst start to a month I have seen in my ~7 years with the company”

Murray’s comments about February sales follow disappointing results from January, a month that Cameron Geiger, senior vice president of Wal-Mart U.S. Replenishment, said he was relieved to see end, according to a separate internal e-mail obtained by Bloomberg News.

“Have you ever had one of those weeks where your best-prepared plans weren’t good enough to accomplish everything you set out to do?” Geiger asked in a Feb. 1 e-mail to executives. “Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?”

Murray declined to comment and Geiger didn’t return telephone and e-mail messages seeking comment.

Both executives attributed the performance to increased payroll taxes and delayed tax returns, which Geiger called “a potent one-two punch,” according to the e-mails.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com

Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Mish’s Global Economic Trend Analysis

Walmart Senior VP Asks "Where are All the Customers? And Where’s Their Money?"; "February MTD Sales a Total Disaster"