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Sorry, not an economist. I thought he was claiming that if two identical products were produced in China and the US, the US one would be produced with less energy.
by Trond Ove on Mon Apr 12th, 2010 at 03:17:12 AM EST
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TOE stands for "tonne of oil equivalent".

See for example Wikipedia's List of countries by Energy Intensity

for the year 2003. It is given in units of tonnes of oil equivalent per million constant year 2000 international dollars.
The US beat China, but not by much (just 5%). Both were slightly above the world average.

The brainless should not be in banking -- Willem Buiter
by Carrie (migeru at eurotrib dot com) on Mon Apr 12th, 2010 at 04:41:31 AM EST
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And now we only have to postulate that they have exactly the same energy consumption patterns to be able to use that measure to compare the energy efficiency of industry products.
by Trond Ove on Mon Apr 12th, 2010 at 10:55:12 AM EST
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Hmf... I am slow today... I just reread ManfromMiddletons comment, and he doesnt actually seem to be directly comparing industry products but to be talking about the Chinese need for oil. I will stop attacking strawmen now. :)
by Trond Ove on Mon Apr 12th, 2010 at 10:57:50 AM EST
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