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Reply #24: Yes I think it was in Rueters about a month or two ago. The [View All]

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Tutonic Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-13-08 10:21 PM
Response to Reply #12
24. Yes I think it was in Rueters about a month or two ago. The
Chinese government officials were in UAE and Iran to discuss the sale of oil from the middle east (including Iraq) to China. The article indicated that China's demand for oil will far outpace the US, Japan and other nations in 3-5 years. the Chinese government subsidizes oil, so teh big oil companies would make a win fall profit from sales to 1.5 billion drivers in China.
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