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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Crimson Ghost who wrote (9693)3/8/2004 11:52:41 AM
From: el_gaviero  Read Replies (1) of 110194
 
Surely the piece you posted is garbled.

"In 2002, on average, China consumed 19.7 million barrels daily. Apart from its daily production of 7.69 million barrels...."

China doesn't consume anywhere near 19.7 million barrels a day, does it?

I remember from the Matt Simmons piece of a few weeks ago that Chinese consumption was in the range of 5-7 million b/d.
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