This may seem to have nothing to do with anything but considering the theme of this blog… and since I was just done bitching about capital consumption…
I read in a report that “The Financial Times points out that Saudi Arabia “is on course to consume an average of 2.81 million barrels a day of oil this year, making it the world’s sixth-largest oil consumer behind the U.S., China, Japan, India and Russia. On a per capita basis, its oil consumption is sky high. This year, its consumption is set to jump by 5.6 per cent, way above the global average of 1.4 per cent.”
I was unable to find the Financial Times quote but an internet search yielded these somewhat old statistics:
|# 1||United States:||18,690,000 bbl/day||2009|
|# 2||China:||8,200,000 bbl/day||2009|
|# 3||Japan:||4,363,000 bbl/day||2009|
|# 4||India:||2,980,000 bbl/day||2009|
|# 5||Russia:||2,740,000 bbl/day||2010|
|# 6||Brazil:||2,460,000 bbl/day||2009|
|# 7||Germany:||2,437,000 bbl/day||2009|
|# 8||Saudi Arabia:||2,430,000 bbl/day||2009|
|# 9||Korea, South:||2,185,000 bbl/day||2010|
|# 10||Canada:||2,151,000 bbl/day||2009|
Think about that for a moment.
Here is a country that produces absolutely nothing economic, a country that contributes nothing scientific, industrial, literary or cultural, a country that has a fraction of the population of the countries preceding it in this classification, a country that has next to no public infrastructure, a country that is mostly desert… and they are the 6th largest consumers of oil behind six or eight of the most productive and populous countries and societies in the world.
That is just staggering.
That is the epitome of resource squandering and capital consumption.