Following up once more on my January 11th post about China’s increasing demand for oil (http://peakoilmatters.com/2010/01/11/the-world-of-transportation/), some more information courtesy of Tom Whipple and today’s Energy Bulletin:
China ended 2009 with oil imports averaging some 5 million b/d in December for the first time ever. Chinese demand is expected to remain strong in 2010….Evidence abounds that China now is growing at an extraordinary pace
The Chinese Expressway system is growing in length so fast that it will likely surpass the US Interstate Highway system in two years…Between the rapid growth of private passenger transportation, and the remaining diesel powered railroads, Chinese transportation is probably almost as oil dependent as US transportation
Source:
http://www.energybulletin.net/node/51213 – Peak oil review – Jan 18 by Tom Whipple, ASPO-USA

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