Global Gas Guzzlers And The Need For OIL
Transportation, specifically the automobile, will be the pivotal sector driving increased demand for oil and its substitutes over the next two decades. The developing world notably China and India, aspire to the freedom the automobile brings. Things we take for granted, such as the ability to escape the crowded city whenever we wish, to live in a green suburb and commute to work or just live a greater distance from our employment will now be come increasingly available to people in the developing world. Per capita car ownership in China will increase to 40 cars per 1,000 citizens by 2010 from its current 24 and that is only the beginning of a steep secular trend. By contrast the United States has 765 vehicles per 1,000 and most Western European countries Continue reading | 1 Comment
