41. However, Davies said oil consumption in any country slowed to a lesser extent in tandem with economic growth. 42. Increased U.S. oil consumption will be met by an expected rise in oil production by Venezuela, Colombia, Mexico and other Latin American countries. 43. Oil consumption, water use, and harvesting of needed protein from land or sea cannot continue to grow indefinitely, he said. 44. The economic collapse will no doubt cut into domestic oil consumption, which will give Indonesia more oil to sell. 45. This, in turn, will dampen oil consumption. 46. Tiaoqui said greater reliance on hydroelectric, geothermal and coal-fueled power plants would contribute to the fall in oil consumption. 47. With production outstripping world consumption, Davies said Asia had also experienced lower oil consumption since financial problems hit the region last year. 48. Freezing temperatures in North America have led to a sharp rise in gas and heating oil consumption at a time of reduced stocks in consumer countries. 49. A breakdown showed Arab gas demand was growing at the expense of oil consumption as several member states are switching to the cleaner source of energy. 50. Dealers have now become obsessed with the end of winter in the northern hemisphere and an associated fall in heating oil consumption. |