Mish's Global Economic Trend Analysis Message Board

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

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To: BubbaFred who wrote (17255)	12/1/2004 1:15:53 AM
From: ThirdEye	Read Replies (1) of 116555

Worldwide oil consumption is now about 80M bbls/day. US consumption is 20M bbls/day. Since China pop is 4X US pop, then an equivalent per capita oil consumption for China would be 80M bbls/day.That part seems correct. But for current China consumption to be 1/30 per capita US, they would be using less than 3M bbls/day. That part seems incorrect. 1/20th is more like it.

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