42 comments on Consumption Winners and Losers
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TI on June 16, 2006 - 5:40am
India is using lot of oil for electricity generation. Almost every (60%) company has its own generator in the backyard as a backup. Increased coal and gas power generation has diminished oil use for these purposes. Coal and natural gas production is growing there, so is coal imports. Rising crude prices have no doubt caused some substitution of oil in non-transport use.
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jkissing on June 16, 2006 - 10:16am
A couple of years ago teh Phillipines reduced oil consumption for similar reasons - new large electric power plants displaced huge numbers of small diesel electric generators previously needed because electricity had been unreliable. China is in a similar situation, their diesel use might soon decline as their gasoline use continues to increase.
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