Posts in Energy & Commodities
Oil Demand: The Other Side of the Equation

The rise in U.S. oil production since 2008 has contributed to the dramatic fall in the price of oil since June 2014. Slower growth of oil consumption due to a slowdown in world economic growth and increased energy efficiency is just as important a factor in explaining why the price has fallen. Continued economic growth nonetheless will lead to increased consumption; a price below $50 per barrel does not appear to be sustainable for very long.

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