42 comments on Consumption Winners and Losers
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WinterIsComing on June 16, 2006 - 3:33am
I find the last chart encouraging. It seems to suggest that efficiencies can indeed make a difference. I wish Dave could find time to take a look at the success stories there, like Hong Kong or Belarus. Especially Belarus seems tough to figure out - are they an oil/gas producer? Have they opened new nuclear power plants? I see few other ways to explain their position in the chart. GDP growth is to be expected since they're recovering from a recession, but how come it's not matched by growth in oil consumption?
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TI on June 16, 2006 - 5:53am
Belarus has oil refinieries that export their products. It can import Russian gas for a heavily discounted price. There may be some problems with the statistics, too. We might here have some combination of statistical discrepancies, substitution by gas and NGLs (also in transport use - trucks and buses use natural gas, propane and butane as fuel quite commonly) and refinery activity.
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