Gasoline is what “we” see every day, but you’re probably correct, it is but a small component of worldwide oil consumption.
But I don’t see recession, and I see continued low interest rates.
US consumption isn’t the source of the predicted change in consumption growth. The US is not the demand “problem”, it is the supply “problem”.
World Oil Demand Outlook Cut Again; Sub-$60 Price Seen Holding
http://www.bloomberg.com/news/2014-12-12/iea-cuts-global-oil-demand-forecast-for-4th-time-in-five-months.html