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China?s dubious energy accolade

By Alliance Alert

National Center for Policy Analysis: "News that China consumed more energy than the United States last year will be taken by many as another sign that a new epoch is upon us. Indeed, that's how the International Energy Agency, source of the data, described its findings Monday. But the headline numbers only tell half the story. The underlying data say a lot about the challenges facing both economies, says the Wall Street Journal: * China consumed half as much energy as the United States in 2000; last year, it burned through slightly more. * Yet the energy mix for each country couldn't be more different; coal accounts for 22 percent of U.S. energy consumption, but a full two-thirds of China's, up from 57 percent in 2000."

Full post as published by Constitutionally Correct on July 21, 2010 (boomark / email).