How Strong Is Global Oil Demand?

How much of what we deem to be the global economy is real? We know that China can house its entire population one time over in its empty real estate. We know that most European countries are moving towards a Japanese situation with no or negative growth locked in for decades in some cases. We know that once the black hole the Russian economy must have become becomes obvious this will drag down more than just Russia. We know that the entire world has to bring debt spending to an end eventually which will pull the plug out of many economies. 

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