World 2009 oil use drop biggest since 1982

SHOOT: Supply/production dropped by even more.

clipped from news.yahoo.com LONDON (Reuters) – World oil consumption fell by 1.2 million barrels per day in 2009, the second consecutive annual decline and the largest volume since 1982, BP (BP.L) said in its annual Statistical Review of World Energy released on Wednesday. The world's oil production dropped by 2 million bpd, or 2.6 percent, which was also the largest decline since 1982, the British oil major said. The world's gas reserve grew by 2.21 trillion cubic meters last year, while production fell by 2.1 percent, marking the first decline on record, BP said.