Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tomas who wrote (64243)	4/11/2000 9:11:00 PM
From: BigBull	Read Replies (2) of 95453

Tomas re your China IEA post. The IEA and most professional analysts don't have clue what is going on with Chinese demand. I've tried to tell everyone that China is just now emerging from recession. The first and second month economic stats prove it. This news confirms in very real terms how that economic growth is translating into energy consumption. Unsustainable? Bosh! IMO the 200,000 bpd added consumption is probably very conservative. Lets call the IEA SHOCKED and STUNNED. This all took place during a period of much higher crude prices. The recent price drop just kicked in the Dragon's afterburners. Now if Japan starts to recover this qtr - uh oh.

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