Petroleum Demand Lessons from the Late 1970s

[profgoose]

"As it happens, demand for petroleum has gone down in the wake of JD's rant; how does it compare to the shortfall of 3 decades ago? This post will examine what happened in the late 70s to demand for the various petroleum products, and compare their rate of downturn to what has transpired since their corresponding recent peaks. This will be about US demand, using EIA data, as it is by far the most comprehensive to be had. The general situation in other regions of the world will be covered briefly at the end."

http://www.theoildrum.com/node/6286