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To: 2ndDivisionVet

I was looking for a figure on US Oil demand and found this 2013 article (see below) which had a nice breakdown of why demand has been shrinking. Looking at some of the charts in the article, it is amazing they were able to prop it up to a $100 a barrel as long as they did, never underestimate the power of QE funded Wall St. speculation on commodities.

http://ourfiniteworld.com/2013/01/31/why-is-us-oil-consumption-lower-better-gasoline-mileage/


12 posted on 01/12/2015 9:08:40 AM PST by Gen-X-Dad
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To: Gen-X-Dad

Better up to date source.

That decline stopped a few years ago.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTUPUS2&f=M

And for refined only products:

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTPUPUS2&f=M


16 posted on 01/12/2015 9:16:42 AM PST by thackney (life is fragile, handle with prayer)
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