U.S. Demand For Oil Rose 4-5 Percent In 2013, Startling Analysts

greencarreports ^ | Jan 23, 2014 | John Voelcker

[John W]

The last five years have been a bad time for “analysts” in all categories.

[ckilmer]

fun stuff.

[nascarnation]

Is there much liquid pete going into power gen?
I thought it was all nat gas due to emission regs.

[upcountryhorseman]

We have the oil to meet this demand, so what’s the problem?

[M Kehoe]

If true, this could be some good news. Historically, after a recession (depression), the increase in oil/energy use portends a strengthening economy.

It would be nice to get out of this recession...

5.56mm

[ckilmer]

We have the oil to meet this demand, so what’s the problem?
..........
The question is which way are oil prices headed.

Lower oil prices will be great for the consumer but discourage more drilling—pushing away the chance for energy independence. Higher oil prices encourage more drilling but discourage consumers and choke off further economic expansion.