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Friday, April 22, 2011

"Demand Destruction?" What Demand Destruction?

Link here.
Despite steadily rising fuel prices in this year’s first quarter, deliveries of crude oil and petroleum products were up sharply from a year ago, according to the latest data from API.

In its monthly statistics report, API reported that total US first-quarter oil deliveries, a measure of demand, climbed by 5.5% from the 2010 first quarter. March deliveries surged by 7.3% to 20.5 million b/d from a year earlier.
I was going to do a stand-alone post on this subject; was thinking about it all day while out and about.

This article provides a good starting point -- if I find time to get around to it. For now, the article stands alone.

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