Assertion: refining | /r/HasProperty | golden age
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text: Figure 1 is a good representation of refining margin trends, since it covers the refining Golden Age in 2005–2007, the tremendous downturn in late 2008–2009 due to demand destruction, and a gradual recovery since 2010.Third, developing countries with significant populations and growth potential such as Brazil, China and India continue to drive up global light oil demand for producing transportation fuels despite increasing use of biofuels and higher vehicle fuel efficiency.