October 31, 2008

Asia Likes Petrol, Too

In the International Energy Agency's 2007 estimate of oil demand to 2030, China, India, and other developing countries make the largest contribution. The following charts suggest why.

In 2007, the IEA projected that China's car sales would overtake the United States in 2015. In fact, they did so in 2010, as the following chart shows:

Jan. 25, 2011: From the Early Warning blog, here is a graph of China's explosive growth in oil consumption, plotted alongside U.S. oil consumption:

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