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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (17234)11/30/2004 7:50:40 PM
From: BubbaFred  Read Replies (1) of 116555
 
China's per capita consumption of oil/energy is miniscule compared to that in the US - only 1/30 th., and significantly less on comparative per capita income ratio.

"China has increased its oil consumption by 2.5 million barrels per day over the past decade. When China reaches the point where the country's per capita energy consumption rivals that of the United States, China will need 80 million barrels of oil per day - more than the rest of the world combined."

Don't know if the figures are correct. It is from a newsletter advertisement.
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