TODAY IN ENERGY: Friday, February 24, 2012
Asia is the world's largest petroleum consumer
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.