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Page added on February 23, 2013

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OECD Oil Consumption

OECD Oil Consumption thumbnail


The above shows oil consumption in the major developed regions of the world though September 2012 (according to the EIA).  You can see that since the Arab spring (when prices went up), US and European consumption has gone down.  In the US this is mainly through improved oil efficiency reducing consumption faster than the rather slow economic growth increases it.  In Europe, the double dip recession is probably the main factor reducing consumption.  Europe was already more oil efficient than the US, so there is less scope for further improvement.

Global peak oil is probably not here, though I think it likely we are on the bumpy plateau.  However, for the US and Europe, peak oil consumption has probably been and gone.  We survived.  However, certainly the economic situation is not that fun for a lot of people, so perhaps this guy had a point after all (even if he somewhat overstated it):

Early Warning


5 Comments on "OECD Oil Consumption"

  1. BillT on Sat, 23rd Feb 2013 4:52 am 

    Overstated? Nope. He is spot on. The EIA is not the place to look for facts.

    The mention that the US in NOT in a recession is the first lie in this article.

    The idea that ‘efficiency’ is the reason for the drop of oil use in the US is the second lie.

    The truth is that the US is, and has been, in a recession/depression.

    High prices/low wages is the reason for lower consumption, not ‘efficiency’.

  2. Ken300 on Sat, 23rd Feb 2013 6:10 am 

    Net oil imports in the US declined from 60% in 2005 to 40% in 2011.

    Rising oil production combined with greater fuel efficiency has driven down the need for imports in the US. People are replacing 12 MPG gas guzzlers with 40 MPG vehicles or alternative fueled vehicles.

    Add to that the fact that we now have biofuels for 10% of our fuel supply, and we are adding more and more alternative fueled vehicles to the mix every day the expectation is that the net imports will drop even further.

    Long haul truckers are moving to LNG to save on fuel costs. Small businesses are buying CNG fueled pick up trucks. FexEx, UPS, Staples, WalMart, Waste Management and others are switching to a combination of electric, flex-fuel, CNG and LNG vehicles to handle short haul and long haul deliveries.

    There is no single solution to the high price of oil and Peak oil supplies.

    There are a lot of different small solutions from higher production to energy efficiency to alternative fueled vehicles to even walking more, riding a bicycle or taking mass transit.

    The US recession was from December 2007 to June of 2009 — 1 year and 6 months. The economy has been slowly growing since then.

  3. BillT on Sat, 23rd Feb 2013 7:35 am 

    Ken, you are deluded if you believe the US propaganda machine called the MSM or ‘news’. The US is in a deep recession. It is probably in a depression if true numbers were known.

    When tax income is dropping in ALL states and the Federal government, THAT is telling you that incomes are falling. That happens in a recession, not good times.

    GDP is a fake number spun by the government to paper over the real numbers. Unemployment is understated by at least 50%. Inflation is understated by at least 100% People are still losing their homes. There are 47 million people on food stamps and growing.

    THOSE are NOT signs of a good, growing economy. No, total collapse is not far away and then the lies will be exposed. But it will be too late.

  4. Jerry McManus on Sat, 23rd Feb 2013 2:04 pm 

    Stuart Staniford is a master at the art of cherry picking data to suit his “more or less business as usual” world view.

    Like other veterans of the Oil Drum website he routinely looks down his nose at so-called “doomers”, so even this reluctant and patronizing nod to Heinberg is a radical departure from his usual arrogant and condescending…, oops! I mean “fair and balanced” point of view.

  5. GregT on Sat, 23rd Feb 2013 7:14 pm 

    Ken,

    The top 2 best selling vehicles in the Us for 2012, were F series pick-ups and the Chevy Silverado. The Dodge Ram took the seventh spot.

    Ethanol is not as fuel efficient as gasoline, is harder on engine components, is heavily subsidized, and is part of the reason for reduced fuel imports.

    Long haul truckers are going under left, right and centre. On the local news last night, it was reported that there is a shortage in Canada of 30,000 truckers. They can no longer make ends meet. The problem is expected to get much worse in the coming months/ years.

    Fed Ex fourth quarter earnings were down 12% from the previous year, UPS was up by 3% but fell short of expectations, Staples plans to close down 15 of it’s retail space by 2015, and Walmart showed a 1% fourth quarter increase and just this week said that they expect 2013 to be “flat”.

    There is no solution to the high price of oil. (fixed it for you ) Any attempts will only be met by even higher prices.

    The US national debt alone has risen by 60 percent from 2008 to today. It has gone from $10,000,000,000,000 to $16,000,000,000,000 in four years.

    The only thing that is growing, is a deficit, and it is growing at an alarming rate.

    If you managed your personal finances in this manner, you would be out on the streets begging for food.

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