November 18, 2005

China oil consumption - and global warming

Interesting fact: If China develops to the same level as South Korea (GDP per head), it could consume as much oil per day as 60% of the whole world at 2005 levels.

Expect the Chinese government to invest great efforts not only in securing their own oil supplies by buying significant stakes in oil companies around the world, but also to invest in alternative energy sources, especially coal.
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