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If the economy is really expanding, then why is.....
The overall petroleum demand in the United States went down in 2012 to the lowest annual level in 16 years, said a leading industry group in a report released on Friday.
Jesse Gough (boonies4u)'s profile photoMike Hearn's profile photoJeff Garzik's profile photo
Oil use continues to be more efficient (more efficient cars purchased every year, emissions down, etc.)
If only the US was the only country that used oil... then the drop in demand might actually mean a drop in prices.
It's not impossible though you have to be careful with that data. Petroleum deliveries can be down due to refinery constraints or because sustained high prices have structurally reduced demand. Also the economy can expand without adding jobs due to increased automation.
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