The point here is that although demand is still growing, it is not growing at the rates seen for most of the prior decade. From the comments to the Zero Hedge post, the negative "spike" in 2008 was due to the government shutting down a lot of factories to clean up the air for the 2008 Olympics.
Glenn Reynolds points out at Instapundit that the demand for energy in the U.S. also doesn't point to a recovery. However, in a recent conversation with a friend involved in commercial property development, he indicated that the number of projects his company is involved with is picking up. These are projects just entering the pipeline, so to speak, so not yet to the construction stage.
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