Quote:
Originally Posted by PaulS
he deserves some credit for the decrease in demand as a result of his policies being put into place.
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huh?
"U.S. oil demand reversed course in dramatic fashion in 2013, as the nation's growth in crude consumption outpaced perennial leader China for the first time since 1999"
"The same upward trend can be seen in 2014. Oil and petroleum products use through April is 1 percent higher than last year, according to EIA. In addition, California—which by itself accounts for 11 percent of the nation's gasoline use—has had nine straight months of higher year-over-year gasoline consumption, according to data from the state board of equalization data."
the reduction in demand was the result of a crappy economy...you remember..the one he inherited...so I guess we can't blame him for the crappy economy but he gets credit for the reduction in demand due to the crappy economy?....doubt the current booming economy and lower oil prices will result in lower demand, good thing we have all those average Joe's driving Volts around...does he get credited/blamed for the higher demand now that his policies have created a booming economy(just ask him) and higher demand?
http://insideclimatenews.org/news/20...tpacing-chinas
American consumption of oil also rose last year, by 390,000 barrels a day, or 2.1 percent, to 18.9 million barrels a day. The agency increased its estimate of American oil use in the final quarter of the year,
"Despite the 2013 increases,
oil use in most developed countries remains well below the levels of 2007, the last pre-recession year. The United States is estimated to have used 8.5 percent less oil in 2013 than it did in 2007, while demand is down by about 25 percent in Italy and Spain, European countries that were hard hit by the euro area’s problems. Germany stands out, with 2013 usage equal to that of 2007."
http://www.nytimes.com/2014/01/25/bu...asts.html?_r=0