Originally Posted by
I-Like-To-Bike
Which specific nations and/or regions stopped buying oil (and the products derived from oil) as well as permanently dropped out of the oil market?
I could not find any specific locations, since those places tend to fall off the radar of global reporting. When they get noticed the articles are usually written as famine, war, etc. The principle is called demand destruction, which can be observed here in an earlier stage, such as people who bike because they can't afford cars.