Friday, November 30, 2012
That's what the EIA currently says. See the chart above (red line). BP doesn't agree, showing them up by 5.5% over 2010. Although the Chinese economy has undoubtedly been slowing of late, it's hard to believe it was sufficient to cause a fall in oil consumption, which would be unprecedented since the time of the 1980 oil shock.
More likely the EIA just has an error of some kind. I took a screenshot just so that if they fix it later, I can satisfy myself I wasn't dreaming: