More Proof that U.S. Demand for Oil is Decreasing??

OPEC will be meeting one month ahead of schedule. “Emergency” meeting? I am posting on this topic again because of another assertion by the Financial Times on the reason for the said decrease.  This post is related to OPEC’s “emergency” meeting which is said to be necessary to address the decrease in demand.  

But what else is to blame for the 8% decrease in U.S. demand for oil other than the U.S.’s deteriorating economy? Is a large hoard somewhere, that has been driving up prices for so many months, slowly leaking out onto the market?  Maybe from Russia? Could this be another reason for the slowed demand for OPEC oil?

At any rate, the OPEC meeting in Vienna in November is one meeting I would like to attend!

Source FT article: http://www.ft.com/cms/s/0/6005e14a-961c-11dd-9dce-000077b07658.html