We all spend so much time looking at the dramatic changes on the supply side of the energy business that we risk overlooking the more gradual but equally important shifts on the demand side. To correct that its worth looking at some new work from the Transportation Research Institute picked up in the excellent Energy Collective blog.
The research shows that in the US – by far the world’s largest consumer of oil – transport sector demand is falling. This is not a temporary phenomenon driven by the economic downturn. This is a structural shift reflecting changes in life style and work patterns as well as gains in fuel efficiency. Read more