DOE Highlights Collapsing Energy Demand
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:
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