Oil Demand Still Strong According to Bloomberg global demand for oil continues to be strong because of fuel subsidies and high economic growth in India and China. In a report dated late July Lehman Brothers said India and China continue to consume more oil driven by fuel substitution and power shortages.Further Executive Director of the International Energy Agency Nobuo Tanaka said additions in oil capacity don’t match the rising demand and that the “market is still very tight.” See related article Professor Andrew Jeffery’s Oil Companies Bureaucrats Caught With Pants Down. From the Bull Pen: Oil at 100 may ...