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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Cogito who wrote (72408)6/16/2008 1:23:27 AM
From: Patricia Trinchero  Read Replies (1) | Respond to of 542126
 
I work with many Asians and all that have visited China recently claim the infrastructure has drastically changed. They all claim there are many more roads filled with autos.

The US is somewhat responsible for increasing their standard of living so that they are becoming bigger competitors for the world's oil reserves.

I also knew a gal that lived in China under the stricter regimes..............her Dad was a University Prof and they had only an apartment and bikes. She was an MD there but still lived at home as she was in the intern stage. She had a brother so it was in the days before the one child rule was promoted.She had been told all her grandparents were dead.

One day she arrived home and her "dead" grandparents were in her apartment. She left everything and her entire family fled to Taiwan that night to the home of her exiled grandparents.



To: Cogito who wrote (72408)6/18/2008 2:10:19 AM
From: Wharf Rat  Read Replies (2) | Respond to of 542126
 
Message 24682093

China oil consumption jumps
Posted Jun 11th 2008 4:07AM by Douglas McIntyre
Filed under: International markets, Analyst reports, China, Economic data, Oil

Maybe the chances of oil prices dropping are not so good after all. Optimists hoped that higher prices would cut the demand for crude in emerging markets like India and China. But, if wishes were horses, all the beggars would ride.

China's imports of oil rose nearly 13% in the first five months of the year. According to MarketWatch, "China's imports of crude oil in the January through May period totaled 75.97 million metric tons (659.8 million barrels)." China is about to cut the extent to which it underwrites the price of gas and diesel, and that may help the level of consumption going forward.
bloggingstocks.com



NEW DELHI, May 28 (UPI) -- India said its crude oil import bill increased more than 40 percent to $68 billion in 2007-08 following a consistent rise in global crude prices.

According to data released by the Ministry of Petroleum and Natural Gas, India imported 121.672 million tons of crude oil for $67.988 billion in 2007-08, as opposed to 111.502 million tons imported for $48.389 billion the previous year
upi.com