National Engineers Week— dedicated to building knowledge and interest in engineering and technology for an educated and diverse industry— kicks off this Sunday. One of the best ways to get updates on all of the industry events, programs and activities in store for the days ahead is to visit various social media sites. How will engineers tune in? Read more
According to Bloomberg, U.S. oil demand is falling to levels not seen since the second Clinton administration — not just dipping a bit, we’re talking plummeting — 2012 saw the United States’s lowest levels of demand for oil since 1996.
“Total petroleum deliveries, a measure of demand, dropped 2 percent from 2011 to 18.6 million barrels a day last year,” Bloomberg said, adding that “for the month of December, demand slid 2.1 percent from a year earlier to 18.4 million barrels a day.”
And on top of an overall drop, imports of oil are falling too. Shale oil production coming online from production in North Dakota and Texas “has the U.S. on a course to cut its reliance on imported crude oil to about 42 percent this year, the lowest level in two decades,” according to a BusinessWeek report. Read more