Black People Politics : China Is Why Gas Prices Are Going Up And Heading Much Higher

Clyde C Coger Jr

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Nov 17, 2006
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In the Spirit of Sankofa,




... Family, this source is packed with information (graphs and charts), it would behoove one to check it out thoroughly; if you wish to understand why gas is higher at the pumps...



Source: World Bank and EIA
In essence, without increases in oil production on a per capita basis, with China's relentless demand for gasoline to fuel vehicles, supply is going to be tight and thus, prices are going to remain elevated and likely head higher in U.S. dollar terms in the years ahead.
What's an American investor to do?...

China Is Why Gas Prices Are Going Up And Heading Much Higher


2000:
China produced 2,069,069 vehicles
U.S. produced 12,799,857 vehicles
Japan produced 10,140,796 vehicles
Now is where China comes on board big time. In 2011, China produced 18,418,876 vehicles. The U.S. produced only 8,653,560 vehicles.
According to People's Daily Online, a Chinese news organization, in 2012, the number of registered private cars reached 53.08 million units by the end of 2012. This was up 22.8% from a year earlier!
That same article points out that the aggregate motor vehicles registered in China exceeded 120 million, which was up 14.3% from a year earlier. I calculate that's 11.9 million new gas tanks.
So, as America is junking more cars than it's buying, as indicated in the total registered vehicle numbers out to 2010, we are reducing the number of gas tanks on the road. China meanwhile is adding gas tanks and adding them at break neck speed.

http://seekingalpha.com/article/122...going-up-and-heading-much-higher?source=yahoo

Peace In,
 

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