DECEMBER 10, 2008
By DAVID BIRD | THE WALL STREET JOURNAL ASIA
Battered by the global economic crisis, world oil demand will fall in 2008 for the first time since 1983, said a U.S. government forecast.
It also predicted demand will fall again in 2009.
Global oil demand is expected to average 85.75 million barrels a day this year, down 50,000 barrels a day from a year earlier, the Energy Information Administration said. The latest projection is a downward revision of 140,000 barrels a day from the month-earlier forecast.
“The current global economic slowdown is now projected to be more severe and longer than in last month’s outlook, leading to further reduction of global energy demand and additional declines in crude oil and energy prices,” the EIA said. The agency is the statistics and analytical wing of the U.S. Department of Energy.
The EIA lowered its 2009 forecast by 630,000 barrels a day, to 85.3 million barrels a day.
It also predicted benchmark West Texas intermediate crude will average $51.17 next year, about half this year’s expected average price of $100.40 a barrel.
For all of 2009, China’s oil demand is expected to rise 3.75% to 8.3 million barrels a day, after a 5.5% rise in 2008.
— Gregory Meyer
contributed to this article.
Write to David Bird at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
