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Some Day Soon, $3 gas may be recalled as a bargain.(consumption of petroleum)(Brief article)

Business Credit

| October 01, 2006 | COPYRIGHT 2006 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

According to economist Ken Mayland of ClearView Economics, LLC, the U.S. yearly per capita consumption of oil is 27 barrels, Korea and Japan are at 17 barrels per capita, and China's population consumes about 1.7 barrels per capita. The U.S. has some 740 vehicles per 1,000 people, while China has three and India has one. And with China's and India's modernization well underway, their energy needs will climb more rapidly than ...

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