I cannot reblog the article again. (WordPress does not support that.)
However, Anthony updated the article on falling gasoline usage to show that although things are worse than I thought, they are not as bad as implied by the first take on the data.
Adding more data, Anthony shows that gasoline use is dropping, but we are probably not in some hidden economic collapse. Well, good to know we aren’t on cracking thin ice, but I do think things are getting more precarious than shown by the market, and especially worse than shown by government numbers.
Note the graph below is from the EPA.
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