My article Surprising Facts About Oil Prices (And The Questions They Raise) was published last week. In it, I mentioned that “the price of oil has experienced at least five major crashes over the past four decades despite demand for the commodity being higher than supply in every year.” When Vision Capital’s Eugene Ng – who’s a friend of both Jeremy and myself – read it, he was intrigued by what I discovered about oil prices and wanted to find out more. Eugene noticed that the U.S. Energy Information Administration (EIA) maintained its own database for long-term global oil consumption and production. After plotting a chart of EIA’s data, he obtained similar results to what I got from BP (NYSE: BP) (the BP data was shown in my aforementioned article). Eugene and I talked about this and he decided to ask the EIA how it is possible for oil consumption to outweigh production for decades....