Ample oil supply in a demand-constrained world

摘要

Anyone looking for clues as to the direction of global oil demand would be well advised to count the number of electric bicycles dodging traffic in China's streets. It was once held that if all of the hundreds of millions of Chinese bicycle riders were to buy a car, oil demand there would jump by-pick a big number-xx. But rather than abandoning bicycles for cars, many Chinese just upgraded to electric bicycles.