Posts Tagged ‘world oil consumption’

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    Tricky Oil Questions

    Jun 17, 12 • 93 Views • Behavioral Economics, Demand, Supply, and Markets, Developing Economies, Environment, Government, International Trade and Finance, Macroeconomic Measurement, Thinking Economically, UncategorizedNo Comments

    1. Asked to list the world’s biggest oil consumers, most of us would be correct if we started with the US and China. With the US at 20.5% and China, 11.4% for 2011, we are almost at one-third of world consumption. 2. But then, it gets a bit tricky....