China Now World's Largest Car Market & Oil Consumption Increases 17% 2008

HOLLYWOOD

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Like the swarm of Locus consuming everything in it's path... China's 1.5+ BILLION inhabitants are gobbling up Natural Resources at Alarming Rates.

Did you know... EVERY Quarter, China builds City/buildings the equivalent, to the size of Houston, TX... that's every 90 days!

China’s consumption of oil reached a record high and rose an incredible 17 percent in the first quarter of 2008 alone, according to the China Petroleum and Chemical Industry Association. A Chinese government think tank has estimated that China’s oil consumption will increase by 62 percent over the next decade! The actual figure may be double that. Yet, if Chinese consumption grows by just 62 percent China would be using at least 12 million barrels of oil a day by 2020 compared to the 20 million barrels currently consumed each day by the United States.

As China continues to industrialize they are preparing for the demands of an increasingly consumer-driven (and automobile-driven) nation. In fact, they are in the process of building 42,000 miles of new interstate highways over the next 20 years. To put that in perspective, the entire United States has about 86,000 miles of interstate at the present time. India has plans to construct another 25,000 miles of expressways themselves. Presumably, cars fueled by gasoline are going to drive up and down all those thousands of miles of new highways.

That’s a pretty good assumption since Chinese car sales rose nearly 18 percent during the first quarter of 20008 alone! The China Association of Auto Manufacturers reported sales of 2.46 million cars during the first four months of this year. China is the second largest car market in the world, and expects to put 10 million new cars on the road in 2008.

http://www.nashvillecitypaper.com/news.php?viewStory=60670
 
Todays DATA... ACCORDING to the HOSTS on CNBC Financial anchors this morning:

China increases IMPORT of DIESEL FUELS x27 TIMES GREATER than a YEAR AGO!

Additionally, the emerging economy in China is exploding to massive THRIST for ENERGY...

CNBC quote, "China is putting 25,000 ADDITIONAL CARS on their roads EVERY DAY! 9 1/4 MILLION more cars on the China Roads!

Unknown what INDIA's numbers are, but we do know they are up substantially too!

ALL while our US GOVERNMENT BAFOONS continue to spend on THEMSELVES, WAR, and EMPIRE BUILDING... at the expense of the American people.
 
Two and half Billion people in China and India combined.

That is five times the number of people in the United States, including illegal aliens.
 
And there are still people who say that demand for oil is not enough for prices to be going up. Demand is definately a factor. There are other factors as well, but supply and demand are definately part of the equation.

I guess we don't want the rest of the people of the world to want what we have because then we will have to pay more to keep them? We buy some 16,000,000 new cars every year cars and consume some 25% of the world's oil.

What would you suggest our "government buffoons" do about it? Buy us more cars and oil?
 
Two and half Billion people in China and India combined.

That is five times the number of people in the United States, including illegal aliens.

Oh, that's actually 8 1/2 times the population of the US 300 Million vs 2.5 BILLION.

Interesting is the massive growth of the middle classes in China and India, while the American Middle Class declines.

That, with the combo of Massive inflation and destruction of the entire manufacturing/production sectors in the US equates to a Depression Economy for the US.


Now you know why the Federal and State governments/agencies have been practicing their Marshall Law/Disaster Control exercises throughout the country in this faltering economy.

Good thing the Federal and state governments have been spying on all American communications! How else could they get an accurate consensus of the country and the citizens frustration, in preparing to implement all these controlling actions?
 
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we are screwed. I'm guessing its a good time to invest in some chineese/indian oil and automobile companies.
 
I don't think China or India have good accounting standards for their companies.

Many of the profits might be false. Especially in China.
 
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