U.S. Petroleum Production Rises…While Consumption Drops

Posted By on November 14, 2011

This is all very positive for the U.S.

So, now you know. The longest and deepest recession in the post-war period reduced oil consumption by 12.8%.  At the same time production is bouncing to the upside.  The next thing you know, the price of gasoline will start to drop…or perhaps it defies the law of gravity a bit longer.

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