Henry Groppe Chimes in on Chindia
Worldwide demand for Oil to Increase due to New Automobile Society
"About 70% of all oil is used for transportation." (transcript begins near 35:10)
"the two largest population countries in the world, China and India, are entering the consumerist automobile culture and society for the first time almost overnight because of globalization and the rapid transmission technology. They're creating a middle class consumer population approximately the size of the U.S. And they have been preparing for it. China is over halfway through the construction of a modern interstate highway program that has more mileage than the total system in the United States. Think about it. All of these 250 to 300 million new middle class will want automobiles and there will be all the infrastructure for it..."
~Henry Groppe on China's Future Transportation Society
Worldwide demand for Oil to Increase due to New Automobile Society
"About 70% of all oil is used for transportation." (transcript begins near 35:10)
"the two largest population countries in the world, China and India, are entering the consumerist automobile culture and society for the first time almost overnight because of globalization and the rapid transmission technology. They're creating a middle class consumer population approximately the size of the U.S. And they have been preparing for it. China is over halfway through the construction of a modern interstate highway program that has more mileage than the total system in the United States. Think about it. All of these 250 to 300 million new middle class will want automobiles and there will be all the infrastructure for it..."
~Henry Groppe on China's Future Transportation Society
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