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Oil Industry Squeezed as US Demand Tanks

By Matt Cantor, Newser Staff

Posted Apr 13, 2009 6:57 AM CDT

(Newser) – Big oil execs, analysts, and government sources say a century-old American tradition is waning: after years of increasing oil consumption, US guzzling has peaked, they believe. Last year, demand plunged 7.1% for gas, diesel, and jet fuel—the biggest drop since 1950, when dependable... Read full story »

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Oil Industry Squeezed as US Demand Tanks

oil • biofuel • oil companies • gas stations • oil industry • gas consumption • oil demand

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More Newser Stories

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