China now consumes more than 20 percent of oil supplies
Tuesday, December 20, 2005 LONDON — OPEC has revised its forecast and now envisions an increase in oil demand. The increase in demand was expected to be led by China. Chinese consumption has exceeded 20 percent of the world's total oil production
An OPEC market report issued on Dec. 16 asserted that crude oil demand for 2006 would reach 28.7 million barrels per day. This would mark an increase of 134,000 barrels per day from 2005, Middle East Newsline reported.
I wonder when all those Kyoto beauties are going to jump all over the Chinese for their lack of pollution controls? Apparently, they only have the soggy munchkins to stand up to a country which permits free speech. Typical.
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