10.12.2008 - World oil demand to shrink in 2008, 2009-EIA

From Guardian: Global oil demand will contract this year and next as worldwide GDP growth slows, marking the first time consumption has contracted for two consecutive years since the early 1980s, according to the U.S. government. World oil consumption is projected to fall by 50,000 barrels per day in 2008 and 450,000 barrels per day next year, the U.S. Energy Information Administration said in its monthly forecast released on Tuesday..... Full Article: Source

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