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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (891)	6/14/2002 8:44:13 AM
From: GUSTAVE JAEGER	Respond to of 49381

The scramble for oil has started.... CHINA The Quest for Energy to Grow China is mounting a determined effort to safeguard the energy supplies that are vital to its development. It won't be easy, with demand for oil now outstripping stagnant domestic output By David Lague/HONG KONG Issue cover-dated June 20, 2002 IT WAS NEVER MEANT to be this way. More than two decades into China's dizzying economic boom and a steady stream of giant oil tankers riding low in the water sails thousands of miles from terminals in the Middle East to the mainland's booming coastal ports. Despite a long-standing determination to be energy self-sufficient, demand for oil in China is accelerating far beyond domestic output, and increasingly it is Middle East suppliers, including Iran, Oman, Yemen and Saudi Arabia, that make up the difference. [...] feer.com