http://www.cnn.com/2005/BUSINESS/03/11/ ... index.html
The headline on this article reads:
"Oil demand set to soar this year"
Just based upon the article, world oil consumption:
2003 - 79.76 million barrels per day
2004 - 82.49
2005 - 84.3 (new estimate)
It's true the article says the estimate was just increased, but look at those
numbers above, both in absolute and percentage terms.
Is this really soaring? The estimated change is less in percentage terms and less in total change than 2003 to 2004, the newest projected growth is just over 2% from 2004.
If someone asked you to describe how your income has increased in the last year, if you got a 2.2% annual increase, would you describe it as soaring?