Industrialized Cyclist Notepad


18-year low oil demand. 18 million barrels per day.

18 and I like it.

U.S. Oil Demand Fell to 18-Year Low for January, API Says – Bloomberg.


Oil Demand in the Developing World
August 15, 2012, 01:47
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Continued to rise even as prices doubled, tripled…Explained in a nice little article by Rapier..

The 20th barrel the average person in the U.S. consumes each year might allow us to drive that 12,000th mile. But the first barrel that someone in a developing country consumes might allow them to drive that very first mile and have heat in their home for the first time. They will be willing to pay a lot more for those initial barrels than we are for our excess barrels, and this explains why their consumption has increased even as oil prices have risen.

click to enlarge

Total Liquid Fuel Consumption

Sam Foucher chart via Chris Nelder’s latest:

Chinese oil demand
January 26, 2012, 06:20
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…In 2011, was up, but apparently slowing down. The Chinese are using about 9.6 mbd, about half of the American total.

From Rigzone.