[george76]

Oil demand will grow at an annual rate of 2.2 per cent during the next five years, up from a previous estimate of 2 per cent, to reach 95.8m barrels a day in 2012.

http://www.ft.com/cms/s/2d97d75a-2e0c-11dc-821c-0000779fd2ac.html

[thackney]

Oil demand will grow at an annual rate of 2.2 per cent during the next five years

That growth rate is going to be curtailed by rising prices. Look at what has happened to China's growth rate in oil consumption already. The same agency making the world prediction above had to correct last year's prediction for China to be without growth this year.

TFN NEWS BRIEFING: Oil and utilities highlights
http://www.hemscott.com/news/latest-news/item.do?newsId=46059229768000

BEIJING (XFN-ASIA) - The International Energy Agency (IEA) said it expects China's oil demand this year to remain flat compared to its previous forecast at 7.59 mln barrels per day