This is just too good to ignore:

Total oil sales in the year ended March 31 slumped 8 percent, the sixth straight year of decline, as the global economic crisis has slowed industrial activity, adding to already waning demand caused by an aging population, a shift toward smaller, fuel-efficient cars and drive to embrace greener energy sources.

Nippon Oil will merge with smaller Nippon Mining Holdings next year, and plan to cut their capacity by about a fifth, or 400,000 bpd, by the end of March 2012.

 — Oil Demand Falling Fast In Japan, Business Insider.

Odd that last time i looked emissions were still rising, and Kyoto Protocol targets were way out of reach…


Wise words...

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