“Despite much higher oil prices, global demand for oil increased by more than 5 million bpd in the past five years. In fact, global oil consumption has increased in 18 of the past 20 years.”
http://www.investingdaily.com/22006/oil-demand-is-not-declining-2/
Related posts:
Bill Bonner: Here’s Proof That Wealthy Elites Control Washington
Cracking of the Euro-Elite ... The Triumph of Hope?
Two FBI officials say the state of forensics is fine. Here’s why they’re wrong.
Ron Paul: The VA Scandal is Just the Tip of the Military Abuse Iceberg
German Government Takes Off Mask, Emerges As Fascist Dictatorship
Destroying the Switzerland of Central America
If Syria Falls, Expect a Pop in Oil Prices
Google $22.5 Million FTC Fine Has No Teeth
The Attack on U.S. Property Rights Continues
Ensuring the Boundaries of Truth
A Deal With North Korea: Don’t Blow It This Time
Body Cameras Are for the Benefit of Prosecutors, Not You
Fixing the fast-food strike
Negative mortgage rates in Denmark; $3.6 trillion of negative yield debt
Glenn Greenwald: The crux of the NSA story in one phrase: 'collect it all'