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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Cogito Ergo Sum who wrote (103278)6/19/2008 12:01:59 PM
From: Elroy Jetson  Read Replies (2) of 206101
 
China has been experiencing serious diesel shortages for months, where truckers often waited for days for a station to be resupplied.

This meant a serious loss of productivity.

The diesel price hike will rebalance internal demand to their own refinery supply, eliminating trucker down-time while rationing out less economic diesel usage.

I doubt China's overall oil consumption will change.
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