Oil Economic Geography

oil jpg

Summary: suggesting driving habits only changed when prices escalated to over $100 per barrel Oil consumption dropped only 4 9 from January 2008 through January 2009 Figure 1 Oil Consumption As seen from Figure 1 the sharp drop in oil consumption in September 2008 of 8 3 appears as an aberration when measured over the whole year The fact there are no real substitutes for oil

Image Dimensions: 720 x 540