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Look at this chart of China’s oil demand growth …
Projecting out the historical rate of Chinese oil consumption growth over the next decade gives another 8-9mbd of Chinese demand by 2020.
The Chinese seem to be aware of and preparing for this. While President Obama’s recent speech on energy outlines steps we can take in the right direction, America seems to be woefully behind in this game.
Look at this chart of China’s oil demand growth …
Projecting out the historical rate of Chinese oil consumption growth over the next decade gives another 8-9mbd of Chinese demand by 2020.
The Chinese seem to be aware of and preparing for this. While President Obama’s recent speech on energy outlines steps we can take in the right direction, America seems to be woefully behind in this game.
India is the #1 market in the world for gold, but China is catching up.
According to the World Gold Council, demand in China tripled from 206 tons in 2001 to 580 tons in 2010. India consumed 963 tons. However, China has consumed 200 tons of gold in just the first two months of 2011.
China, by the way, is the largest producer of gold in the world, surpassing South Africa in 2007.
India is the #1 market in the world for gold, but China is catching up.
According to the World Gold Council, demand in China tripled from 206 tons in 2001 to 580 tons in 2010. India consumed 963 tons. However, China has consumed 200 tons of gold in just the first two months of 2011.
China, by the way, is the largest producer of gold in the world, surpassing South Africa in 2007.
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