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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (73331)	4/19/2011 11:45:40 AM
From: elmatador	Respond to of 218916

Going towards equalization creating Gargantuan growth. 40% of the world's population -- most of it still very poor -- already consume more than half of the global supply of coal, iron ore and steel. Thanks to their growing prosperity and that of other countries such as Brazil, Indonesia, Turkey and Vietnam, the demand for these products is booming. Moreover, a middle-class lifestyle in these developing countries, even if more frugal than what is common in rich nations, is more energy-intensive. In 2006, China added as much electricity as France's total supply. Yet millions in China lack reliable access to electricity; in India, more than 400 million don't have power. The demand in India will grow fivefold in the next 25 years. And we know what happened to oil prices. Oil reached its all-time high of $100 a barrel not because of supply constraints but because of unprecedented growth in consumption in poor countries. China alone accounts for one-third of the growth in the world's oil consumption in recent years. Message 24301866