Is our oil demand lower now than it has been in a while?



  1. 0 Votes

    Generally speaking no. Data shows either a small increase or stagnant results. Though the spread of renewable green energy sources might already showing results. 

  2. 0 Votes

    US total oil consumption has decreased because of the recession, although gasoline consumption by mid-2010 was back to pre-recession levels. Most of the US decline in demand has been in diesel and jet fuel. Worldwide, there was little demand decline; in certain months consumption year-over-year was less, but generally world consumption has been flat at around 85 million barrels a day for more or less the past 5 years.

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