fairguy

Is Oil Demand Falling Off a Cliff?

john egan, it is true what u say but there is a minimum threshold of energy consumption for anybody to survive. Since energy price is lower now, i'm sure people would not cut back as much on energy consumption. Growing food still required fertilizer, whether at home garden or in the field. Unemployed people still demand energy at home like running TV and running AC or furnace that would not be if they were gone working. I think too much energy picture is focused on the US. Countries like South America, Asia, middle east would not cut back of material and energy consumption by much as they are still booming with population growth, and they all want to live and be wasteful like the amercians.