Dec 01 2011
China Oil Imports!
An article Tuesday morning, in Commodity Online, is titled ‘By 2015, China crude oil imports will account for 65% of consumption’ – reading time 1 minute. The article says that by 2015 China’s crude oil imports are expected to account for 65% of total Chinese consumption, and its natural gas imports will account for 40% of assumption.
I think this is interesting, and once again demonstrates the importance of China’s continued growth to what will be the longer term price of commodities generally.
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