Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wharf Rat who wrote (72784)	6/18/2008 5:47:40 AM
From: Bearcatbob	Read Replies (2) \| Respond to of 542139

Wharf, Chinese consumption is not an issue. It is all speculation. Actually from a political point of view the notion of it being speculation is essential - or - the politicians would have to accept some blame. Hence - speculation is the main cause.

To: Wharf Rat who wrote (72784)	6/18/2008 5:55:54 AM
From: Cogito	Read Replies (1) \| Respond to of 542139

>>China oil consumption jumps<< WF - Again, thanks for the data. We see that China and India are increasing imports of oil. They are still very far behind the US in terms of their consumption. According to those figures, China is importing roughly 4.4 million bpd this year, and India is running well below that rate, at about 2.4 million bpd. I'm interested in knowing is how US oil companies are doing in terms of increasing production. I know, large areas are off limits to them. But that doesn't mean they have nowhere to drill. Have they been bringing any new areas to production? Have they been able to increase production in the Gulf of Mexico in the past several years? I tried to find information about that on the Exxon Mobile website, but all I could find was a page saying that they are producing more gasoline in the US, due to increased refining capacity. - Allen