I'm basically betting that a short term lack of oil (as evidenced by reduced production in 2008 and high current price), will put a break on that expansion. Or the industrialization of china will only happen in if first would countries reduce their energy consumption to allow it, as they did in 2008.
Data from the BP energy review.
Interesting consideration; but on the other hand, China isn't afraid to build nuclear power plants or burn coal.
I would like to propose this as a thread for people to write in their predictions for the next year and the next decade, when practical with probabilities attached. I'll probably make some in the comments.