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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2561)	1/26/2004 10:44:11 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's demand for foreign oil rises at breakneck pace BY TIM JOHNSON Knight Ridder Newspapers RENQIU, China - (KRT) - The horizon here is dotted with the bobbing arms of rusted oil pump jacks that can't draw enough crude out of the ground to fuel China's surging economy. "The reserves are limited," said oil worker Geng Shuguo, toiling at an aged pump. China has hit a plateau in oil production; yet its appetite for energy soars. China's likely to surpass Japan this year as the world's No. 2 consumer of oil, after the United States, forcing it to rely more on oil imports. China's global oil purchases are jostling energy markets and helping to keep world oil prices high, including at U.S. gas pumps. Huge energy demands in China are painfully obvious. Regular blackouts this winter have hit parts of the central, eastern and kansascity.com