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As China's huge population graduates from bicycles, what is going to happen to oil prices? China -- still lacking in domestic oil infrastructure -- is going to compete against the United States to buy oil on the international market. The new destination of the oil tankers leaving the gulf could be China, not the U.S.
Americans usually move from a bicycle to a car around the age of 16 when they get a driver's license and money to buy their first car. And as China's middle class grows, so will the desire to move beyond bicycles. Whether it's a scooter, motorcycle or a car -- it is going to use gasoline.
Or will it?
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