The Oil Drum | Is this the Economic stage of the Peak?

27 comments on Is this the Economic stage of the Peak?

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jkissing on November 22, 2005 - 11:09pm

I noticed earlier that this article has several inconsistencies, not least that 130/120 = 1.083. And, 8.3% is not that much less than their growth rate.

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TI on November 23, 2005 - 4:53am

Yes, BP statistics show an average 2% growth of the Chinese domestic oil production during the recent years. The share of domestic oil of consumption is falling anyway. The Chinese may try to curb the demand of oil, and they may be even successful in this, but the Chinese economic growth is so high that it makes the demand go up anyway.

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27 comments on Is this the Economic stage of the Peak?

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