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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (15447)	12/12/2003 10:33:30 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

I never said China would be the next Japan. I expect that China will take a very different route to developing their manufacturing than either the US or Japan. That was my whole point about why you can't say that China won't grow because they will need X amount of oil in order to ramp up their manufacturing base. It's a moving field. You are looking at manufacturing as if it were static, it isn't, it has and will continue to change rapidly in terms of energy usage and where that energy will come from. I've read the peak oil argument and it's fundamentally flawed in it's conclusions. As is your argument to me that production had stopped growing while consumption continued to grow. Oil production matches consumption, if you think about it you'd realize it has to because you can't consume what you don't produce. Don't take my world for it, do your own "data mining": bp.com