zerohedge: “Every $1 per barrel rise in oil decreases U.S. GDP by $100 billion per year and every 1 cent increase in gasoline decreases U.S. consumer disposable income by about $600 million per year.”
8 thoughts on “zerohedge: “Every $1 per barrel rise in oil decreases U.S. GDP by $100 billion per year and every 1 cent increase in gasoline decreases U.S. consumer disposable income by about $600 million per year.””
Fibon11235
Lol
They just get people to dig roads in the UK that dont need digging.
Thats GDP, what?
Marc Authier
And look what is happening in the bond market ?
kyle parks
“In search of National Debt”
Voyager 2 leaves solar system in search of US National Debt. NASA explains that while the Voyager travels in miles and the debt in dollars it now seems unlikely that Voyager will ever get a glimpse of the accelerating debt.
Traveling a million miles per day, Voyager 2 is chasing a 13 trillion deficit that is pulling away at astrnomical speeds and distances. The hope is now that after bouncing of the edge of the universe the debt , travelling at such speeds will aquire so much mass (Einstein) that a blind man will see it coming.
Wolferl
Same with copper and other industry commodities. It´s will kill the global economy next year.
Tamir
@Max,
Interesting numbers! Thanks.
MEJanssen
@ Kyle Parks – Bernanke still will not see it. There is none so blind as he who will not see.
Youri Carma
Oil will go to $150 – $200 a barrel says Lindsey Willams from his high up sources. just on AJS http://www.infowars.com/
“EU will have a major problem”, “The Euro will collapse first before the American Dollar”
Lol
They just get people to dig roads in the UK that dont need digging.
Thats GDP, what?
And look what is happening in the bond market ?
“In search of National Debt”
Voyager 2 leaves solar system in search of US National Debt. NASA explains that while the Voyager travels in miles and the debt in dollars it now seems unlikely that Voyager will ever get a glimpse of the accelerating debt.
Traveling a million miles per day, Voyager 2 is chasing a 13 trillion deficit that is pulling away at astrnomical speeds and distances. The hope is now that after bouncing of the edge of the universe the debt , travelling at such speeds will aquire so much mass (Einstein) that a blind man will see it coming.
Same with copper and other industry commodities. It´s will kill the global economy next year.
@Max,
Interesting numbers! Thanks.
@ Kyle Parks – Bernanke still will not see it. There is none so blind as he who will not see.
Oil will go to $150 – $200 a barrel says Lindsey Willams from his high up sources. just on AJS http://www.infowars.com/
“EU will have a major problem”, “The Euro will collapse first before the American Dollar”
Irish parliament backs EU-IMF 85-billion-euro financial-aid package: reports. The Dail voted 81 to 75 in favor of the package http://www.marketwatch.com/story/irish-parliament-backs-eu-imf-aid-package-reports-2010-12-15