From Tom Whipple, 7/13/09:
China is the only economy that *claims* to be making progress, this despite a 21 % drop in exports ...
Chinese passenger vehicle sales rose 48 % in June 2009 ... full year sales for 2009 estimated to be 11 million. (MP Note: Some Chinese-released stats have, in the past, been "less than perfect".)
Vehicles on the road in U.S.: 250 million, 142,000 powered by natural gas ...
IMF forecast says world economy will expand 2.5 % next year ... (MP Note: ???)
IEA says demand for oil will increase 1.4 MMBO/D next year, or 1.7 % ... (MP Note: same as above.)
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