Higher Oil Prices?
China has started to prepare to implement a strategic oil reserve plan, which they said should help to manage any supply crisis. It should also help them in case of military action to ensure a proper reserve of oil in case of temporary blockade of supplies.
The upcoming laws will also help to manage other fossil fuels in a way that will benefit industry and insure developing growth.
Of course for the rest of the world means that this stockpile will end up increasing the strain on supply, and raising prices even higher then they are today.
The upcoming laws will also help to manage other fossil fuels in a way that will benefit industry and insure developing growth.
Of course for the rest of the world means that this stockpile will end up increasing the strain on supply, and raising prices even higher then they are today.
posted by Aleksandr at 11:28 PM
1 Comments:
Not being too self destructive, I would expect they will build the reserve slowly so as to not increase the cost of energy to themselves more than nessasary.
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