Special Report: Economic slump to suppress US, worldwide oil use in 2009

US energy demand this year will shrink along with the economy, but total use of all forms of energy will decline by a smaller margin than during 2008.Oil demand will contract for the second year in a row in 2009, but natural gas demand will increase. Economic weakness will be the biggest factor affecting demand for oil and gas in the US.Coal demand will see a small decline from a year ago, nuclear energy demand will be unchanged, and the use of energy from renewable sources will post a small increase.In 2008, strong worldwide oil demand growth coupled with limited spare oil production capacity to push crude and product prices to record levels. Then, stung by high prices and collapsing eco...

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