tag:blogger.com,1999:blog-5251183560375528307.post4337655089509784076..comments2024-03-28T10:30:02.679-05:00Comments on Bit Tooth Energy: Gasoline, crude, supplies and miles travelledHeading Outhttp://www.blogger.com/profile/01790783659594652657noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5251183560375528307.post-21112554646353309272010-02-07T15:01:52.655-06:002010-02-07T15:01:52.655-06:00I think that the signals are very mixed at the mom...I think that the signals are very mixed at the moment, and I am a little more cautious than I was say a month ago.Heading Outhttps://www.blogger.com/profile/01790783659594652657noreply@blogger.comtag:blogger.com,1999:blog-5251183560375528307.post-28040298565783109672010-02-03T18:36:53.935-06:002010-02-03T18:36:53.935-06:00The simple statistics for US new car and truck sal...The simple statistics for US new car and truck sales have become ambiguous. Yes, January 2010 new car and truck sales were up 6.3% over 2009 but Jan 2009 was down 37% over January 2008, which was down around 6% over January 2007. <br /><br />VMTs are about where they were in 2004. New car and truck sales have fallen to the level <a href="http://www.caclulatedriskblog/2010/02/us-light-vehicle-sales-108-million-saar.html" rel="nofollow"> they were last at in 1983</a>. This decline reflects several changes in behaviour that an improving economy is unlikely to erase. <br /><br />New cars can reliably be driven further than in the past and people are keeping them longer. Some people are driving less. Some families have moved from two cars to one, and a relative few have given up car ownership altogether. <br /><br />Many in the industry view 2007 as the last 'normal' year. I'd be surprised if sales recover to those levels quickly.porsenahttps://www.blogger.com/profile/04362269873149438270noreply@blogger.com