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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (5702)5/6/2004 10:45:20 AM
From: Wyätt Gwyön  Read Replies (2) of 116555
 
i saw a very interesting graph which showed per capita GDP on the vertical axis and per capita crude consumption on the horizontal axis. there is a very clear positive slope which shows a strong positive correlation between these two parameters. the only strong outlier was Saudi Arabia, which consumes as much oil per capita as the US but has a very low per capita GDP.

rapidly growing countries like China are still down in the lower left corner (low per-capita GDP, low per-capita crude consumption), while developed countries like the US, Europe, and Japan are in the upper right. the "in-between" countries are in the middle.

it seems patently obvious to me that as China's per-capita GDP increases, its per-capita crude consumption will increase as well, causing it to rise along the positive slope of this graph.

i will post a link to it if i can find it.
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