Oil prices are down, but not by as much as you might think

Oil prices for August have plunged by almost half, and now sit just above $50 per barrel, but you’re probably not surprised.

The main reason for that decline is a sharp drop in global oil demand.

And while global oil production is now down, the world is still importing oil at a rate of about 2.7 million barrels per day.

That’s down from 3.3 million barrels a day just two months ago. 

And the reason why oil is down is that the US is now producing less oil than it’s ever had.

US oil production last month was 1.86 million barrels, down slightly from 1.9 million barrels in May.

That is a drop of about 5 percent from May.

It also means that the world’s biggest oil producer, Saudi Arabia, is now making up the shortfall, at least temporarily. 

The decline in demand has been going on for a long time.

US crude oil production has been declining for at least 15 years, and since 2007 the world has been consuming less oil.

But that is a different story altogether.

US production peaked in 2014 and has been slowly declining ever since.

In fact, in the first quarter of 2018, US production was down 5.3 percent from the same quarter a year earlier.

And in 2019, it fell even further.

So in short, US oil consumption is down, not because of the US economy, but because of a dramatic reduction in demand. 

If you think about it, this is the same trend we’ve seen for the last 15 years or so. 

US production is down because of supply disruptions, but it’s down because the US government has been cutting back on domestic production, leaving its domestic oil industry largely unfilled.

That means the US oil industry has been in a downward spiral, which has been exacerbated by an aggressive push by US energy companies to drill and exploit the vast shale gas deposits that lie under the ground in North America.

That shale gas is now being tapped by some of the world-leading energy companies, including Shell, ExxonMobil, and BP. 

So the US has now become the world leader in the oil and gas sector.

And the rest of the planet is seeing the same thing.

But if you think the world just got a little more energy efficient, well, not quite.

The big story from the last couple of weeks is that China is now getting a lot more energy efficiency.

China now produces about 80 percent of its energy from renewable sources, and its overall energy consumption is now at its lowest level since the mid-1980s.

That decline has been happening for years, but the latest data shows that it’s getting worse. 

What does this mean for the rest to come?

Well, that’s what we’ll talk about next. 

(This article was updated on August 10 at 4:50pm PT to include an analysis of the latest OPEC data from Bloomberg Intelligence. 

It also contains additional information about how much oil prices have dropped and why.)


【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.