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The Strong Link Between GDP and Oil Consumption

Perspectives Content Submission

Mon, 4 Apr 2011

Global crude oil and liquid fuel consumption grew at its second-fastest pace in over three decades in 2010, rising 2.8 percent to 86.7 million barrels per day, according to the U.S. Energy Information Administration (EIA). In fact, worldwide oil consumption surpassed 2007 pre-recession levels. For

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