Fall in US oil consumption in the first half of 2008 was biggest drop in the last 26 years
Aug 13th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The fall in US oil consumption in the first half of 2008, reflecting slower economic growth and the impact of high prices, was the largest half-year consumption decline in volume terms in the last 26 years, when, in the first half of 1982, consumption dropped by nearly 800,000 barrels per day (bbl/d).