Sudden, mysterious drop in China's oil consumption??

I was wondering if anyone heard about this. I saw a news headline for this earlier, but I can't seem to find any info on it. I read the headline here by the way:

www.drudgereport.com...



[edit on 13-7-2005 by LuckyStrike]

worst web site ever tbh!

direct link from that site just chucked a load of popups up, and firefox bugged me to allow a few more.........and its damn hard to read.

Googled thread headline but could not find any other source, and tbh would be amazed if it was the case.

Here is a link to the story in the New York Times.

Just fyi: I have no issues with Drudge. Okay I typically don't agree with him but he typically post articles and links before most other news sources.

If you want the article directly try the link included.

NYTIMES Online - Article on Drop in Consumption

nativeokie, thanks for providing that article reference.
I am wondering if what is happening, which is not really specified, has anything to do with what these articles mention?
China Sets to Put Brakes on Auto Industry
When China slows

Some age to the articles, but their points carryover.
This is certainly interesting and does have implications on and for the oil market.




seekerof

China's gas prices are heavily regulated and some of the refiners are shipping gas and diesel out to get higher profits and this has made an artificial shortage in parts of china.

Another point is that oil prices are high so many power plants in China are switching to coal instead of fuel oil to make electricity.

If China's economy is beginning to slow it would be hard to tell for sure. Negative information about the economy would be almost like a "state secret" to the communist government.

This has been discussed before: drop in oil consumption=drop in energy consumption. So therefore: Drop in energy=high GDP growth rate=China lies about its economy, they are not growing.

Originally posted by Frosty
This has been discussed before: drop in oil consumption=drop in energy consumption. So therefore: Drop in energy=high GDP growth rate=China lies about its economy, they are not growing.

Do some research on resource companies and call up a few of thier reps and they will confirm that the majority of groth in that sector is due to Chinese and Indian demand. One Quater doesn't start a trend, I would like to see 10 or more quaters like this as allot of resources from Copper to Concrete is in short supply these days(eg Not good for Inflation), Hell one of my holdings in my portfolio tripled due to Southeast Asian demand(Potash corp of Sask. vital for thier "green" revolution)

China cannot lie about how much it's growing as it's just as much apart of the Global Economy as more "free" nations are these days.

Hell if you want too see how much they have "progressed" just go to one of thier cities and choke on the smog from the many many cars and dirty coal power stations.

Also China isn't just buying oil to provide it's people with energy, they are starting to hoard it in giagantic strategic reserves, they plan on having the largest reserve in the world because they know whats coming just as every other leader knows, the peak.