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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (34665)	8/23/2004 6:58:05 PM
From: CommanderCricket	Read Replies (1) \| Respond to of 206097

Here's an observation from Shanghai The Shanghai Times yesterday had an article on license tags and the latest auction went off near $4,000 USD. I beleive the tags are for one year. The roads are clogged with cars and the local government wants to control vehicles with very high registration costs. Gas prices for anyone owning a car in Shanghai are meaningless compared to the fees. Michael

To: Archie Meeties who wrote (34665)	8/24/2004 11:45:59 PM
From: 8bits	Read Replies (1) \| Respond to of 206097

Archimedes I believe you are somewhat incorrect from your link: It appears the oil consumption actually rose slightly from 97 to 98. "Oil demand for these nine countries (plus Hong Kong) stayed about the same, increasing slightly from 15.37 million barrels per day (bbl/d) in 1997 to an estimated 15.40 million bbl/d in 1998. The region's largest oil importer, Japan, saw demand fall from 5.71 million bbl/d in 1997 to 5.51 million bbl/d in 1998. China, which has been less affected by the economic crisis than most other Asian states, saw demand rise from 3.79 million bbl/d in 1997 to 3.98 million bbl/d in 1998. Indonesia, one of the worst affected countries, fell from 940,000 bbl/d in 1997 to an estimated 893,000 million bbl/d in 1998. South Korean oil demand is estimated to have fallen roughly 10% from 1997 to 1998. With most of the economies of the region in the early stages of a recovery, demand growth for the region taken as a whole is expected to accelerate through 1999 and 2000." However coal imports (Not consumption..) did fall by 15%: "COAL Short-term coal demand prospects in East Asia have been adversely affected by the region's economic crisis, as general industry, electric power producers, and cement makers scale back production. During 1998, U.S. coal exports to East Asia totalled 12.3 million short tons (Mmst), down from 14.5 Mmst in 1997. This coal went mainly to utilities in Japan, and to a lesser extent to South Korea. U.S. coal exports to East Asia fell 15% from 1997 to 1998. Making matters worse for U.S. coal exports to the region, Indonesian coal exports have become more competitive with U.S. coal due to the sharp devaluation of Indonesia's currency (the Rupiah), which makes all Indonesian exports less expensive in relative terms."