Peak Oil

China oil imports at record high


News related to dwindling reserves, new finds, and PO articles.

VIP
VIP

Posts: 9349

Joined: Wed Oct 27, 2010 11:24 am

Location: Berkeley, Ca.

Post Fri Feb 10, 2012 2:26 pm

China oil imports at record high

So much for plunging global demand. :lol:
http://www.zerohedge.com/news/china-january-oil-imports-rise-record
Tyler Durden, 2/10/12.

Say what you will about the tenets of Chinese economic slowdown assumptions and what not (despite inflation obviously continuing to be a rather pesky issue), at least its steadfast determination to have the world's largest crude oil stockpile is an ethos. At 23.4k metric tons of imports in January, China just imported the most crude in its history, despite the traditionally slow period around the Chinese new year. The trendline is unmissable - at this rate China will become the world's largest importer of Crude in a few short years, surpassing the US easily with its 28K metric tons of imports in a couple of years. Oh, and anyone who thinks that China will volunteer to lose Iran as a primary source of crude imports as its oil is "liberated" by Western powers as the country is obviously en route to having the world's largest crude stockpile (as to why this may be the case, read here), we have a bridge to Isfahan to sell you.[Chart follows]
Vow to vanquish the venal and virulent vermin vanguarding vice and vouchsafing
the violently vicious and voracious violation of volition! (V For Vendetta)

SHIT SUCKS! MOVE ON! - Allissun

Overlord
Overlord

Posts: 324

Joined: Fri Jun 03, 2011 9:25 pm

Post Sat Feb 11, 2012 9:27 am

Re: China oil imports at record high

So the game will be to get them "hooked," whilst we go off . . .

N-A-S-T-Y game.

It is the Opium Wars all over again.
"If I had asked people what they wanted, they would have said faster horses." attributed to Henry Ford.

VIP
VIP

Posts: 9349

Joined: Wed Oct 27, 2010 11:24 am

Location: Berkeley, Ca.

Post Sat Feb 11, 2012 11:02 am

Re: China oil imports at record high

Right, we go off, into the wild blue.... void. :lol: :lol:
Vow to vanquish the venal and virulent vermin vanguarding vice and vouchsafing
the violently vicious and voracious violation of volition! (V For Vendetta)

SHIT SUCKS! MOVE ON! - Allissun
User avatar

Sovereign of Doom
Sovereign of Doom

Posts: 685

Joined: Wed Nov 03, 2010 4:26 pm

Location: SW Ohio

Post Sat Feb 18, 2012 1:11 pm

Re: China oil imports at record high

Huh?
China will become the world's largest importer of Crude in a few short years


I gotta look back at some older info. I thought China surpassed the US as an importer of oil a year ago (or so).
I had started that "exporters become importers" thread back around that time...

post47697.html?hilit=exporters become importers#p47697

okay four months back.

It still looks like "early splat" to me.

Overlord
Overlord

Posts: 324

Joined: Fri Jun 03, 2011 9:25 pm

Post Sat Feb 18, 2012 1:25 pm

Re: China oil imports at record high

Probably mixed in with the fog regarding Nat Gas, Liquid Nat Gas ,etc., etc. -- they tend to mask the Oil issue with "petroleum liquids, etc."

When the comparisons start it is so much like an alcoholic it is amusing.

"I only drink wine and beer -- never hard liquor." okkkaaayyyy. :mrgreen:

But for what it is worth -- US use is down regarding gasoline -- a good thing, overall. Gotta take the small victories where you can.
"If I had asked people what they wanted, they would have said faster horses." attributed to Henry Ford.
User avatar

Sovereign of Doom
Sovereign of Doom

Posts: 834

Joined: Sun Jan 16, 2011 5:00 pm

Post Sat Feb 18, 2012 1:31 pm

Re: China oil imports at record high

It's all those new automobiles That General Motors is making in China.It's Unsustainable in the long run and millions of auto's will be so much trash soon enough! Gasoline here is going to be European prices around 7.00 dollars a gallon with Cheap imports from China electronics skyrocketing. Food and shelter will be critical in short supply .The poorest of the poor will just starve or die because of the elements.War will bring even more hardships to the USA that it has not seen ever in it's history and it's all because of greed and selfishness.

little joe
“In the country of the blind, the one-eyed man is king.” Dutch philosopher Erasmus

Overlord
Overlord

Posts: 324

Joined: Fri Jun 03, 2011 9:25 pm

Post Sat Feb 18, 2012 1:42 pm

Re: China oil imports at record high

Little Joe wrote:It's all those new automobiles That General Motors is making in China.It's Unsustainable in the long run and millions of auto's will be so much trash soon enough! Gasoline here is going to be European prices around 7.00 dollars a gallon with Cheap imports from China electronics skyrocketing. Food and shelter will be critical in short supply .The poorest of the poor will just starve or die because of the elements.War will bring even more hardships to the USA that it has not seen ever in it's history and


and THEN things start getting tough . . . :lol:


it's all because of greed and selfishness.



THAT part is true enough.

Sad isn't it?

Same mind that make and share, can also take and be greedy.

Never does seem to be a problem with the tools. Just how we choose to use them.
"If I had asked people what they wanted, they would have said faster horses." attributed to Henry Ford.

Mutant Zombie Biker
Mutant Zombie Biker

Posts: 150

Joined: Sat Jul 16, 2011 3:14 pm

Post Sat Feb 18, 2012 1:56 pm

Re: China oil imports at record high

They sell 4 mill. cars in China yearly. And most of them are not replacements - unlike in the West.
Sometimes I wonder whether the world is being run by smart people who are putting us on ... or by imbeciles who really mean it. – Mark Twain

http://www.energyconservationinfo.org/compendium.htm#9.4%20%20Formulas

Return to Peak Oil Breaking News

Who is online

Users browsing this forum: No registered users and 0 guests

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group.
Designed by ST Software for PTF.

phpBB SEO