The EIA just released its monthly estimate of US oil consumption for August and the number is encouraging.
Our peak monthly demand was hit in August 2005 at almost 21.7 million barrels per day (Mbd). By this past August, demand had slid 11% to ~19.3 Mbd. The last time demand was this low was 1997, and it is only (more…)
Posts Tagged ‘US’
August US oil demand down 11% from ’05 peak, close to 1978 level
Friday, October 31st, 2008US climate emissions to fall >1% in 2008 on lower oil demand
Friday, October 17th, 2008Thanks to consumption of oil falling 3.5%+ in 2008, it looks like US greenhouse gas emissions will fall greater than 1% this year. The rapid fall in oil consumption is tempered by the increase in emissions from slightly greater coal demand and an increase in consumption of cleaner-burning natural gas. If the overall trend continues through December, it will put us on track to meet the federal cap & trade legislation goal of (more…)