climb from already high levels now, said analysts. A big decline in demand would, in turn, imply lower or negative growth and could lead to a drop in oil prices towards the end of 2008 or early 2009, according to analysts at Lehman Brothers. Demand destruction is already apparent in the US where consumers are…
ASIA: High oil prices could finally lead to demand destruction
Posted on June 18, 2008 by EnergyAsia