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October 13, 2006

China Demand for Oil

posted by MR WAVETHEORY at 10/13/2006 01:13:00 AM
This picture courtesy of the IEA shows that China's demand for oil is going up - in fact, there is no slowdown.

Meanwhile, the Journal says,
Despite Beijing's efforts to conserve energy and curb runaway economic growth, crude imports in September jumped to 13.46 million metric tons, or an average of about 3.3 million barrels a day -- 24% more than in September 2005 and 2.4% more than the previous record in January, according to China's General Administration of Customs.

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