Now that oil futures have dropped to less than half of their high of $140 per barrel we ought to look at price vs. consumption. It was only last May when the heads of the gas companies reported on Capitol Hill that the prices were the result of supply and demand. If that is true, we should expect to see a downtrend in consumption.
One thought on “Oil prices”
i bet there won’t be any decrease in consumption. it was clear even back then that it was just an excuse to cover the real reasons for the price increase
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