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SLOWING #OIL DEMAND

The U.S. will experience one of the world’s largest reductions in oil demand over the next 25 years, the International Energy Agency (IEA) claims. U.S. energy demand will decrease by 4 million barrels per day or 25% by 2040, the IEA predicts. If this forecast holds true we’d see petroleum demand equivalent to 1960 levels.

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