Tag Archives: demand destruction

Why is US Oil Consumption Lower? Better Gasoline Mileage?

Posted on January 31, 2013 by Gail Tverberg

United 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 … Continue reading →

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