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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (10936)3/30/2004 10:43:50 PM
From: BearcatbobRead Replies (2) | Respond to of 81568
 
"Big demand...in China? "

If you don't know that you are too stupid to post for your man - you would make everyone think Kerry supporters are dumb dumbs!

China oil demand outpaces forecasts, imports rocket
Reuters, 11.13.03, 7:40 AM ET

By Sujata Rao

LONDON, Nov 13 (Reuters) - Blistering Chinese economic growth is underpinning incremental world oil demand with China's September net crude and oil products at record highs, the International Energy Agency (IEA) said on Thursday.

"The breakneck pace of Chinese economic expansion is rapidly changing the oil demand map," the agency said in its monthly Oil Market Report.

"The Chinese economy will need to expand at torrid pace to create new jobs to be able to absorb displaced workers from inefficient and defunct state enterprises..."

The Paris-based IEA, the West's energy watchdog, estimated Chinese net imports at 2.79 million barrels per day of crude and refined products in September, up 676,000 bpd on the month.

September crude imports rose to 2.21 million bpd from August's 1.52 million bpd with products off just 10,000 bpd at 580,000 bpd.

Total net imports in the first three quarters of 2003 averaged 1.99 million bpd, up from 1.61 million bpd for all 2002. .................