I have posted myself on the subject in other threads over the past year or so.
Follow this (from memory so cut me some slack on the figures):
1. 1.3 bill chinese
2. 0.4 bill nth americans
3. per capita, the chinese currently consume 1/10 th of the energy consumed by nth americans
4. If over the next 20 yrs the affluence just 50% of chinese increases to the point where they consume say half the energy of nth americans, china will be consuming about as much energy as the nth americans.
5. That represents a 250-300% increase on what the chinese are currently consuming.
That has to be an issue rushing headlong into peak oil and carbon emmission constraints (affecting coal).
Cheers Dex
CCC Price at posting:
85.0¢ Sentiment: None Disclosure: Not Held
