China's Cars, Accelerating A Global Demand for Fuel

China's Cars, Accelerating A Global Demand for Fuel from the Washington Post.

Key Points:

• More Buicks were sold in China than in the US, because of the Buick's historial brand as a luxury car in China going back to Sun Yat Sen.
• Cars are a symbol of wealth, so high mileage is not valued highly. Having a car that allows for a chauffeur and size is.
• Demand for oil is increasing by 20% per year.
• 40% of the increased demand for oil came from China.

A revealing quote:

"People want to have a car that shows off their status in society. No one wants to buy small."