DOE Highlights Collapsing Energy Demand

Tyler Durden's picture

Some charts courtesy of the DOE demonstrating just how deep the energy, and by implication, the overall economy slump is, relative to prior years:

Implied Demand of Total Products: we are now essentially at the level just after the economic cataclysm that was Lehman's collapse, and trending lower.

Distillates are significantly below a 5 year average, and far below anything seen in 2008.

Jet demand demonstrates why all expectations for an aerospace revival are still far too premature.

Full presentation below:

 


h/t Geoffrey