15.01.2014 - Over the hump for oil demand
The history of energy in the 20th century was mainly about oil; the struggle to find oil, to secure its supply and bring it to market. So important has been oil and its many by-products in fuelling, lubricating and transforming economies and societies over the past 100 years that many have failed to notice trends that are already changing the shape of energy demand in the 21st century. The developed world is using much less oil. Consumption in the OECD is in long-term decline: in 2012 the industrialised countries used the same amount of oil as they did in 1995; today’s European Union countries are back at consumption levels last seen in 1967...............................................Full Article: Source
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