Via Stuart Staniford’s Early Warning:
http://earlywarn.blogspot.com/2012/04/us-oil-consumption-and-oil-prices.html
However, it’s also worth noting that the price required to make consumption decline has increased over time. In 2006-2007, prices of around $70 were enough to make oil consumption flatten and then decline. However, in late 2009 and 2010, similar prices obtained while consumption continued to rise. It took the rise to over $100 in spring 2011 to get consumption to start to decline again.
