India's energy consumption keeps going up

[dan_s]

India's economy is expected to grow by a greater margin than China's this year. Latest figures from the International Monetary Fund (IMF) forecast India's gross domestic product (GDP) – the total value of goods and services produced – to grow 7.2 percent in 2017 versus China's 6.5 percent. This new study highlights the growth that can be expected in intellectual advances, such as science and technology, which are often perceived as indicators of future growth.

I get articles sent to me by members that China's oil consumption is going down. It is not going down, it is just not going up as fast as it was. The slowdown in China will be replaced by an increase in demand from India. Demand for oil goes up by 1.0 to 1.5 million barrels per day year-after-year.

Read: https://www.cnbc.com/2017/08/30/china-w ... -2025.html