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: BigBull who wrote (71558)	8/24/2000 8:59:20 AM
From: BigBull	Read Replies (1) of 95453

More calls for a Chinese SPR: insidechina.com The central government is aware of the "paramount significance" of a strategic oil reserve, said Xie Zhongyu, deputy director of the State Administration of Petroleum and Chemical Industries. Xie called for a State-controlled oil stockpile to protect the country from fluctuations on the world market and other uncertainties. "Domestic oil enterprises should also play a due role in buoying the country's oil reserve regime," Xie said. ------------------------------------------------------------ I don't know if the Chinese are actually going to do something here, still, I think this report is relevant information on a drilling board. Bull

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