Prediction: demand for oil will drop again in 2009
A blessing in disguise? Greenhouse gas emissions are expected to drop in 2009 because we're collectively going to consume less oil. According to new estimates, the world's oil demand will drop by 1.5 percent this year compared to 2008, and last year was 0.4 percent lower than the year before. This is equivalent to 270,000 fewer barrels every day. It's been a while since we've dropped our oil thirst like this. Not since 1983-84 has global demand for oil dropped in two consecutive years. However, some think that things could get even "worse": a professor at Cambridge University is predicting a 40-50 percent drop in greenhouse gas emissions due to the global economic downturn/crisis.
[Source: Green Daily]
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