by yesplease » Sun 18 Oct 2009, 18:39:16
$this->bbcode_second_pass_quote('lowem', 'B')ut if you're talking about the Indian farmer who's buying his first Tata Nano or the Chinese farmer buying his first Chery car, then, yeah, it's resource depletion full speed ahead at maximum warp, folks

I think
some perspective is useful in this case. The Nano is about $2,200, so an Indian farmer, assuming their wages are at the median, which they probably aren't, buying a Nano would be equivalent to the average American buying a $60,000 auto of some sort. That's not gonna happen any time soon. A $1,000 scooter, or used car, maybe, but even then it probab ly
won't be farmers buying them.
Right now, the transportation break down in China is about 25 million cars, 100+ million e-bikes/scooters, probably about the same number of gas bikes/scooters, and a half a billion bikes IIRC. At the current rate, an extra ~10 million cars/year, assuming Chinese drivers pull 12,000 miles/year, they're consuming an extra ~.2% of world oil production per year. At that rate, they'll need a a bit less than a half century to catch up with American oil consumption in autos. If anything, it's OECD consumption and OPEC restrictions that drive oil prices, and it'll likely stay that way for at least two more decades.
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!