Instapundit.com Instapundit.com

August 12, 2008

PRICING SIGNALS WORK (CONT'D): U.S. oil consumption down 800K barrels a day in first half of 2008. "The decline in U.S. consumption in the first half of 2008, reflecting slower economic growth and the impact of high prices, was the largest half-year consumption decline in volume terms in the last 26 years."