Originally Posted By: LTVibe
This article appeared 4 months ago:
China To Bolster Oil Reserves
Quote:
China is accelerating the build-up of its oil reserves to avoid the economic dislocations the country suffered in 2008 from fluctuations in the world oil price.
China's National Energy Administration (NEA) recently released a plan to build nine large refining bases in coastal areas over the next three years, sources with the China Petroleum and Chemical Industry Association said last week.
We need to do what China is doing, and for the same reasons. But B.O. and friends won't let it happen.
Posted today on CNNMoney.com:
China: The New Big Oil
Quote:
China is snapping up oil fields from Africa to South America to the Middle East. Soon it may be able to rival the Western giants.
This article appeared 4 months ago:
China To Bolster Oil Reserves
Quote:
China is accelerating the build-up of its oil reserves to avoid the economic dislocations the country suffered in 2008 from fluctuations in the world oil price.
China's National Energy Administration (NEA) recently released a plan to build nine large refining bases in coastal areas over the next three years, sources with the China Petroleum and Chemical Industry Association said last week.
We need to do what China is doing, and for the same reasons. But B.O. and friends won't let it happen.
Posted today on CNNMoney.com:
China: The New Big Oil
Quote:
China is snapping up oil fields from Africa to South America to the Middle East. Soon it may be able to rival the Western giants.