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Analysts: US demand for oil rose 4-5 percent In 2013

from Green Car Reports

With increasing energy efficiency in cars, homes, and industry, plus a surge in domestic natural-gas production, U.S. demand for oil is widely said to have tapered off and in fact begun a structural decline. Except that, as it turns out, last year it seems U.S. demand for oil actually rose by 390,000 barrels per day, according to the International Energy Agency. That represented fully one-third of the total global increase in demand. more


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