Emerging Market Oil Use Exceeds U.S. as Prices Rise


	Emerging Market Oil Use Exceeds U.S. as Prices Rise

BobbyDelray

4-21-2008 11:50 AM

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4-22-2008 2:44 PM

masbury

Significantly, tho', I'll bet neither pollution nor consumption will ever pass the USA when seen as a per capita statistic.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bd7ba132-22d0-4db5-b6cd-29b916694ddb/CED22C31-22F7-465C-92BA-858C20C8757F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601109&sid=a_YCEx7do3LQ&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601109&sid=a_YCEx7do3LQ&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601109&sid=a_YCEx7do3LQ&refer=home"><A href="http://www.bloomberg.com/apps/quote?ticker=OCONCHNA:IND">China</A>, India, Russia and the Middle East for the first time
will consume more crude oil than the U.S., burning 20.67 million
barrels a day this year, an increase of 4.4 percent, according
to the International Energy Agency in Paris. U.S. demand will
contract 2 percent to 20.38 million barrels daily, the IEA says.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601109&sid=a_YCEx7do3LQ&refer=home">Economic growth of more than 8 percent in China and India,
coupled with increasing car ownership among the countries'
combined populations of 2.45 billion people, will more than
compensate for falling U.S. demand</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601109&sid=a_YCEx7do3LQ&refer=home"><P>U.S. pump prices have followed crude oil higher. Regular
gasoline, averaged nationwide, rose 2.7 cents to a record $3.445
on April 18, according to AAA, the nation's largest motorist
organization. In the U.K. a gallon of gasoline cost $7.99 on
average on March 31, according the Automotive Association.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CED22C31-22F7-465C-92BA-858C20C8757F/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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