China's demand for oil jumped by an "astonishing" 28% in January compared with the same month a year earlier, the International Energy Agency (IEA) says. The body added that demand for oil in 2010 would be underpinned by rising demand from emerging markets, with half of all growth coming from Asia.http://www.jeffrubinssmallerworld.com/2010/03/10/looking-for-oil-demand-in-all-the-wrong-places/
It’s Wednesday, and the week’s US oil inventories numbers will soon be out. I have no clue what they will say, nor much interest, either. But others do. Exactly why oil traders and speculators think the data has anything to do with the state of world oil demand is beyond me. .... It certainly wasn’t US fuel demand that took oil prices over $100 in the first place, and it won’t be US fuel demand that will push them back into that range anytime soon. US oil consumption is almost 3 million barrels per day short of its pre-recession peak.Looks suspicioulsy like peak oil is almost here.....Peak oil and climate change are intertwined problems: the solution to both is transitioning to a low carbon economy. Subsidising tar sands porducer is not a lotng term solution: please let our Prime Minsiter know thaat we want Canada to invest in clean energy and green technology. We want Canada to plan for a low carbon future - because we're going to get one whether we like it or not.