Wishful thinking...
http://www.eia.gov/forecasts/steo/report/us_oil.cfm
Total U.S. liquid fuels consumption is projected to increase by 340,000 b/d (1.8%) in 2015, up from an increase of 140,000 b/d (0.8%) last year. U.S. consumption has been stimulated by continuing employment and economic growth and lower petroleum product prices.
Consumption growth in 2015 is led by motor gasoline, which increases by 190,000 b/d (2.1%) following growth of 80,000 b/d (0.9%) in 2014. Forecast gasoline consumption averages 9.1 million b/d in 2015, the highest level since the peak of 9.3 million b/d in 2007. Although total nonfarm employment and total highway travel have increased by 2.9% and 3.4%, respectively, over the past eight years, improving vehicle fuel economy has steadily contributed to lower gasoline consumption. Gasoline consumption is forecast to remain flat in 2016, as a long-term trend toward vehicles that are more fuel efficient offsets the effect of continued economic growth on highway travel.
Jet fuel consumption, which grew by 40,000 b/d in 2014, is forecast to rise by 60,000 b/d (3.8%) in 2015. Forecast jet fuel consumption is roughly flat in 2016, with improvement in average airline fleet fuel economy offsetting continuing growth in freight and passenger travel.
Consumption of distillate fuel, which includes diesel fuel and heating oil, is forecast to fall by 30,000 b/d (0.7%) in 2015 and then increase by 50,000 b/d (1.3%) in 2016. The 2016 growth is driven by increasing manufacturing output, foreign trade, and marine fuel use.
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And price is based upon the global commodity. Oil is fungible and we still import a lot of it. Global oil demand continues to grow. The growth rate slowed down, but continues to grow larger.
