Time: China’s Quest for Oil. Motorists bemoaning high prices at the pumps—oil rose to a record $55 a barrel on Oct. 15, up 65% this year—can with some justification point an accusatory finger toward the mainland. Its booming economy and burgeoning appetite for cars and other modern conveniences have caused energy demand to soar.
You think gas prices are high right now? Here’s the sobering message from the article above: “The number of cars on mainland roads – about 20 million – is expected to increase by 2.5 million this year alone.” For a country with a population of 1.3 billion people, China only has 20 million cars on the road. California, alone, has almost 30 million vehicles. The numbers all point to higher and higher gas prices in the future.
I’ve added Brilliance China Automotive Holdings contracts and China Automotive Systems contracts to the web site. I’ve also added contracts from eLong, a Chinese online travel web site that recently filed for an IPO.
One reply on “If We Stopped Exporting Cars…”
As someone who’s not as smart as the average bear, I still think that anyone who wants to go to a mall and build a bear is going to be hurting our environment.
The store is doomed to fail, and likely to face protests from friends of bears.
How much gas does it cost to drive to the mall to build a bear? Why are people building ‘new’ bears when they could be recycling old materials to build ‘classic’ bears?
Do most people spend that kind of money on their kids for a bear?
No.
Yogi