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 comments 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.”
  1. Fibon11235 says:

    Lol
    They just get people to dig roads in the UK that dont need digging.
    Thats GDP, what?

  2. Marc Authier says:

    And look what is happening in the bond market ?

  3. kyle parks says:

    “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.

  4. Wolferl says:

    Same with copper and other industry commodities. It´s will kill the global economy next year.

  5. Tamir says:

    @Max,

    Interesting numbers! Thanks.

  6. MEJanssen says:

    @ Kyle Parks – Bernanke still will not see it. There is none so blind as he who will not see.

  7. Youri Carma says:

    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”

  8. Youri Carma says:

    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

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