Thursday, September 07, 2006

China, Inefficiency and World Oil Markets

Ed Morrissey of Captain's Quarters is taking a look at China's impact on world oil markets and points out a statistic that I hadn't heard before:

While China is responsible for only four percent of the world's overall economic output, it's already consuming 13.6 percent of the world's energy.
One odd omission: Morrissey fails to make any mention of China's use of coal, something that's having a global environmental impact.

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2 comments:

Dezakin said...

I'm not sure this is entirely surprising, given China specializes in energy intensive industries; Not necissarily a mark of inefficiency.

Dezakin said...

I'm not sure this is entirely fair, given China specializes in energy intensive industries. Its not necissarily a sign of 'inefficency'