EIA: Asia is the World's Largest Petroleum Consumer

2010

Asia surpassed North America as the largest petroleum consuming region in 2008. Asian demand surged nearly 15 million barrels per day from 1980 to 2010, an increase of 146%. North America's petroleum consumption increased 16% between 1980 and 2010. Global petroleum consumption increased 36%, nearly 23 million barrels per day, during the period.

Together, the Middle Eastern, Central & South American, and African share of total global oil demand grew from 11% in 1980 to 20% in 2010 (see chart below). European demand for petroleum decreased 5% from 1980 to 2010, while consumption in the Former Soviet Union fell 55% in the same period.

Source: U.S. Energy Information Administration, International Energy Statistics.

Note: Percents on graph represent that region's share of global petroleum production in that year. Percents do not sum to 100% for each year because the graph does not include Oceania, which only accounted for 1% of global consumption each year. 

BLACK STALLION

CFIN

PNLF

CNKO

ETWA

BVIC



IHSG by Elliott Wave (update 21 Febuari 2012)

Running Sub Wave, at the moment goes to SW5 and done as the longest Wave of  3

after done a higher hig of SW5, beware of the correction phase of W4

the target around retracement of 50.0% the level is around 3.600

is a-b-c correction on SW 4

and there will be a new higher low above 4.040 if 3.875 not breakout down

If Breakout, Goes to a-b-c correction of W4 major

other name is a Butterfly Wave Pattern Formation and going to Point C

Good Luck !!!

OR

The Worst Scenario

Done a Impulsive and it's done a Right Shoulder Formation of

a HEAD AND SHOULDER PATTERN