Peak Oil? A Chaotic Transition is in Process / NorthwestCitizen, David Camp

As the graphic shows, US gasoline inventories are at a 27-year record high. And yet, gas prices and oil prices continue to rise – having increased by about 30-40% (depending on the grade and source) in 2016. And as the second graphic shows, US gasoline consumption in the first part of 2017 is down 8% from the same period in 2016. Strange things are happening –

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