STRAUSSIAN
New member
Every time I go back to China (I have been there six times since the year 1998, when I was just a kid), there seem to be more roads, more vehicles on the road, and also FANCIER, more expensive vehicles.
In 1998, few private citizens had cars, and many of the cars were very cheap used Soviet models that broke down every 300 miles. Drivers actually had to carry spare belts and with them because they tended to break so often.
But now, those old USSR cars are mostly gone, and I have seen people driving everything from Maseratis to enormous F-750 truck cabs used as pickup trucks.
Now, to be fair, MOST Chinese people are still too poor to afford cars, and many are limited to mopeds or bikes. But China is now the world's largest auto market, overtaking the US in 2010. And it grows EVERY SINGLE DAY.
How will this affect global oil and gas prices in the future?
In 1998, few private citizens had cars, and many of the cars were very cheap used Soviet models that broke down every 300 miles. Drivers actually had to carry spare belts and with them because they tended to break so often.
But now, those old USSR cars are mostly gone, and I have seen people driving everything from Maseratis to enormous F-750 truck cabs used as pickup trucks.
Now, to be fair, MOST Chinese people are still too poor to afford cars, and many are limited to mopeds or bikes. But China is now the world's largest auto market, overtaking the US in 2010. And it grows EVERY SINGLE DAY.
How will this affect global oil and gas prices in the future?