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demand destruction, Tag
- Why is US Oil Consumption Lower? Better Gasoline Mileage? Wed, 6 Feb 13, 8:27pmUnited States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption...
- The Slavery of Oil Thu, 14 May 09, 2:15pmLast week, I attended a round table discussion of ASPO Switzerland held here in Zurich. The topic of the discussion concerned the price of oil. Can we explain what happened in recent months to the price of crude oil? Why...