Perhaps a better name for this blog might be, We Stand on the Shoulders of Others.

I picked this up from the bearish-leaning zero hedge blog, which site’s cheery headline is, “On a long enough timeline the survival rate for everyone drops to zero.”  Anyway, it points out that–and I’m sure it’s standing on others’ shoulders, too–that:

. . . as a reminder, every $1 rise in oil reduces US GDP by $100 billion, just as every cent increase in gas prices lowers disposable income by $600 million.

Tags: oil/gas/energy

This entry was posted on Thursday, December 23rd, 2010 at 12:40 pm and is filed under Thinking. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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