What Price Will Cause Global Oil Demand to Tumble?

By Paul Kedrosky · Wednesday, July 2, 2008 ·

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.

More here at TOD.