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Originally Posted by Butterfly  Ok to end that silly troll, a quick recap for the retards, it's a slow day 
Fiction: Quote: |
Originally Posted by bkkandrew Butterfly claimed that demand for oil from from China and India was 'imaginary'. I then posted data, with citations, showing him that it was real. He has not addressed this, save from saying that the citations were 'loonies'. | Fact: Quote: |
Originally Posted by Butterfly Yeah, the "imaginary" demand that give justification to push oil to the current level are not REAL, just imaginary, | |
Right, well let's look at which is fact and fiction:
Chinese car ownership 1990 - 1 million. Source:
Individual Car Ownership Surging in China
Chinese car ownership 2000 - 16.0891 million; 2001 - 18.0204 million; 2002 - 20.5317 million. Source:
Demand for automobiles to maintain rapid, steady growth (hktdc.com)
Chinese car ownership esimated in 2005 - 30 million. Source:
Facts & Figures of Chinese Auto Industry -- Beijing Review
Chinese car ownership in 2007 - 56.97 million. Source:
Car Ownership up 32% in 2007 at China Car Times
According to CSMWorldwide, an American market analysis firm,
China’s auto output would surpass 6 million units in 2008; China would replace Germany as the world’s third largest auto manufacturer in 2006; and by 2015, China may transcend Japan to become the second largest auto power.
Source:
Facts & Figures of Chinese Auto Industry -- Beijing Review
I originally posted it here:
http://teakdoor.com/issues/31530-oil...tml#post696001 (Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling) So are the cars 'real' or 'imaginary'? Will they produce 'real' or 'imaginary' demand for oil?