The Price of Oil (and thanks, Jim H)
JayHecht at aol.com
JayHecht at aol.com
Thu Dec 31 07:20:33 PST 1998
There is supposedly a 4 million barrel "surplus" that is depressing prices.
People in the US consume about 23 barrels/year while China consumes about 1.5.
If the Chinese "develop" their oil consumption at 5% - well you get the
"fundamentals!"
Jason
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