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No way the Dow is rolling over...
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JonSCKs
Posted 5/21/2016 07:19 (#5312690 - in reply to #5312258)
Subject: Energy costs way down..


I cobbled this info together from a couple of EIA sources.. ( https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=i000000008&f=m ) and ( https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrimus1&f=m )

For Kicks and Giggles.. Roughly the amount the US is paying to Import Crude..  we peaked out at 336 Billion per year in 2011.. the run up from say.. 2003 to 2008 is probably what popped the US housing bubble.. and contributed to the Great Recession..

Looking at Energy costs at a Third of what they once were.. leaves the US Consumer with extra spending $$$..  might support your thesis...??

( http://www.bloomberg.com/news/articles/2016-03-31/the-u-s-is-a-big-oil-importer-again )

fwiw.

 $$ Byns to importU.S. Landed Costs of Crude Oil Dollars per Barrel
     
2016$88 $32 guesstimate
2015$121 $45 
2014$236 $88 
2013$274 $97 
2012$315 $101 
2011$336 $103 
2010$257 $77 
2009$198 $60 
2008$334 $93 
2007$249 $68 
2006$218 $59 
2005$182 $49 
2004$133 $36 
2003$98 $28 
2002$80 $24 
2001$74 $22 
2000$91 $28 
1999$55 $17 
1998$38 $12 
1997$54 $18 
1996$56 $20 
1995$44 $17 
1994$39 $15 
1993$39 $16 
1992$40 $18 
1991$38 $18 
1990$45 $21 
1989$38 $18 
1988$26 $14 
1987$30 $18 
1986$21 $13 
1985$31 $27 
1984$36 $29 
1983$35 $29 
1982$42 $33 
1981$59 $36 
1980$65 $34 
1979$51 $21 
1978$33 $14 
1977$35 $14 
1976$26 $13 
1975$19 $13 
1974$16 $12 
1973$8 $6 


Edited by JonSCKs 5/21/2016 10:39
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