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July 2, 2008
What Price Will Cause Global Oil Demand to Tumble?
What price will cause global oil demand to finally fall? While OECD demand looks set to drop, according to the latest IEA report, demand elsewhere is another story.
Because in a sense, oil markets can be thought of as trying to break the back/bank of countries with subsidy-driven demand growth for transportation. And, as the following IEA slideshow shows, that may happen sooner rather than later.
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