Why Oil Demand Forecasts Have Become A Guessing Game


Why Oil Demand Forecasts Have Become A Guessing Game

Get yourself a ruler, a pencil and a piece of paper. Place the ruler at about 45 degrees and draw a line upward across the page.

That’s what a chart of world oil consumption looks like over the past 30 years, give or take a few shakes off the line (Figure 1).

That was easy. Now think about how to draw oil consumption over the next three decades.Read more

Credits: oilprice.com

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