PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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From: Doug R	4/29/2005 10:41:05 AM
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China's Oil Demand Will Jump by Another 650,000 Barrels Per Day Claims World Energy Monthly Review HOUSTON--(BUSINESS WIRE)--April 28, 2005--With its demand already increasing at record speeds, China gears up to begin filling its SPR, and the world looks at global oil supply problems looming in the near future... "China's SPR will pose significant new demands on a global market that is already strained," exclaims the China editor, "and that demand will remain for the foreseeable future." In order to reach their stated goal of 100 million barrels in reserve, "China's SPR will be consuming more than a half million barrels of oil per day," she says. This will add to the already significant geopolitical challenges China poses to the United States. home.businesswire.com

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