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US's 2% of world population consumes 24% of world's oil.
Speculation and decrease worth of the dollar deniers like to use increased demand for Oil from emerging markets in China and India as an excuse for globally higher oil prices....turns out one state uses more oil than either China or India....
Linky"Given all the news coverage about the rise of the Chinese economy, you could be forgiven for thinking that the world's most populous country is hogging all the world's resources, while the developed nations are fighting for scraps.
But, at least with transportation fuel, you'd be wrong. California alone uses more gasoline than any country in the world (except the US as a whole, of course). That means California's 20 billion gallon gasoline and diesel habit is greater than China's! (Or Russia's. Or India's. Or Brazil's. Or Germany's.)"
US's 2% of world population consumes 24% of world's oil.
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