Thursday, April 9, 2009

2008 Oil Demand Graphs

Displayed below are 2008 oil demand graphs. They are from the January issue of Oilwatch Monthly. Dr. Clifford Wirth's folly is the gift that keeps on giving.

As you can see, OECD demand dropped 4 mbpd between 2005-2008.

The U.S. has put up a modest effort, shedding 1.5 mbpd...

The EU-27...

The "techno-twins," Japan and South Korea, have put up a stalwart effort.

And China and India.
- Brewskie


  1. My guess is that oil and its byproducts will become much more difficult to get in the months ahead -- not just more expensive, but literally not available. The current falling price of oil has little to do with the real supply and demand fundamentals. -James Kunstler, Oct. 27th, 2008

    'nuff said.

  2. AndrewRyan,

    Sorry, man, I didn't see your post. That's klassic kunstler. I plan to do a post on him soon.

  3. CNN - MoneyOh by the way, IEA released a report today stating that world oil demand was estimated to drop 2.4 million bpd this year. Another money quote from the article: "A separate inventory report last Wednesday showed U.S. oil supply is at its highest levels since July 1993.""We don't have any evidences of glut -Matt Simmons, Dec 19th, 2008