Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Condor who wrote (47184)	3/10/2004 8:38:11 PM
From: Raymond Duray	Read Replies (2) of 74559

OIL FACTS: Condor, June Park seems to be very far off the mark with his/her oil consumption figures for China: In 2002, on average, China consumed 19.7 million barrels daily. Apart from its daily production of 7.69 million barrels, if China consumes all of Saudi Arabia’s average daily production of 10.15 million barrels via a direct pipeline, it won’t meet the Chinese daily demand for oil. These are the figures for the U.S.'s consumption and production. Not China's. In 2002, China was consuming something like 4.9 MMbpd. Sources: energypulse.net thirdworldtraveler.com

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