Thursday, July 1, 2010

EIA on Chinese Oil Demand

Econbrowser has an interesting guestpost on Chinese Oil Demand.
Noting that Japan and Korea's oil consumption per capita are currently 1.4 and 1.9gallons per day this could imply over 50m bpd oil consumption for China, way more than EIA's forecasts of 16m bpd in 2030. The author concludes: "Is the EIA sure it has the numbers right?"

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