World oil demand: and then there was none

World oil demand: and then there was none / Charles K. Ebinger, PlanetPolicy, 17/10/2014

http://www.brookings.edu/blogs/planetpolicy/posts/2014/10/17-world-oil-demand-ebinger

In recent weeks, many analysts have expressed considerable surprise as oil prices have hit $80 per barrel and prices at American gas pumps have fallen. This “surprise” seems to have crept up on us, but evidence of shifting market demand and energy production has been available for some time. Over the past three years, high oil prices have generated increased interest in oil and gas in remote locations such the Arctic and East Africa…


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