In a less traditional sense, efficiency measures — like better gas mileage on new cars — have also
caused weaker global demand.
Not exact matches
But the problem is
caused by a
weak global economy wherein inefficient
demand is
causing slow economic growth.
The investor noted Tuesday that
global growth is
causing demand for commodities, while the
weaker U.S. dollar should also help.
Investors are now almost unanimously assuming a vicious circle, whereby collapsing oil prices
cause a
global slowdown, which leads to even
weaker energy
demand and further oil price declines.
But a raft of mine expansions during the boom years and
weak demand caused by the
global economic slowdown pushed prices to a 3 - year low near $ 80 a metric ton in October 2012, and they have stayed below $ 100 since.