And there we a lot of coal benötogt we need petrol.
When in China in 2030 to 3 people 4 cars would get back with us today, would be about 1.1 billion cars. The total world fleet currently stands at 800 Million. China would be consuming 99 million barrels oil per day. Today, the world's daily production is about 84 million. And that can not be increased significantly.
China shows us one thing very clear: The Western model of an oil-dependent, car-centered throwaway society does not work there. And it does not work for India, where soon maybe even more people and not for the 3 billion people in developing countries, the dream also American Dream. "
http://www.peak-oil.com/
NSL Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held