Quote:
Originally Posted by DamageX
The demand for oil in both China and India has been rising constantly and did so during the financial crisis as well. Demand never went down.
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I stand corrected. I just looked it up and although the rate of demand dropped for China / India, it still grew in 2009.
World consumption however, declined by 1.7%
2009 over 2008 Oil consumption by region:
OECD -4.8%
European Union -4.4%
Former Soviet Union -4.0%
Emerging Markets +2.8%
World Consumption -1.7%