199 comments on Energy/Credit/Currency Crisis Open Thread
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199 comments on Energy/Credit/Currency Crisis Open Thread
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Thanks for your response. It's good to know that the effect is minor - I had wondered about the extent to which economies apparently becoming more energy efficient was due to "off-shoring" the more energy intensive parts of the economic chain.
Bingo!
China oil usage is up but how much of that is just transfer from economies like the US?
I cannot agree more.