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Indeed. But 33% of what they need is not nearly enough.
by oneoff786 4y ago
Indeed. But 33% of what they need is not nearly enough.
- bryanlarsen 4y agoNo, but they're ramping up oil production at a tremendous rate, are the biggest EV market in the world and have a shrinking population. That 33% number is going to increase quite quickly.
- oneoff786 4y agoDoubtful. Those statements aren’t false, but they won’t hold up to the fact that the Chinese demand for oil is growing too.
- bryanlarsen 4y agoDepends on time period. Chinese demand will definitely go up in 2023 due to lockdown easing. But I think it'll go down in 2024 and subsequent years.
- oneoff786 4y agoIt’s been rising for the past decade including throughout the lockdowns