Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: thackney

I was actually surprised to see that oil demand has continued to increase, 2008 being the only year it decreased. I would have thought with this bad economy we would see a dip.


7 posted on 06/10/2015 11:05:02 AM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: Sam Gamgee

Actually oil demand increased in 2014 overall. It was a slower growth, and significantly lower than the growth in supply, driving the price drop.

http://www.bp.com/en/global/corporate/about-bp/energy-economics/statistical-review-of-world-energy/2014-in-review.html

Global primary energy consumption decelerated sharply in 2014, even though global economic growth was similar to 2013

Consumption increased for all fuels, reaching record levels for every fuel type except nuclear power; production increased for all fuels except coal. For oil and natural gas, global consumption growth was weaker than production.


8 posted on 06/10/2015 11:38:54 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: Sam Gamgee
2008 being the only year it decreased

Sorry, I misread your comment.

9 posted on 06/10/2015 11:39:56 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson