Why Oil Demand Won’t Follow Coal’s Death Spiral
R-Squared Energy
NOVEMBER 27, 2019
Since coal’s peak demand year of 2007, carbon dioxide emissions in the U.S. But Norway’s oil demand has been slow to respond. In 2018, Norway consumed 234,000 barrels per day (BPD), 5% more than in 2017 and the highest annual consumption number on record. in 2017, and surged to 7.8% Meanwhile, China’s oil demand grew 5.3%
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