Author Topic: Beet, thought you might find this interesting (Read 217 times)

Ripsnort · « **on:** April 25, 2006, 06:59:22 PM »

A new geopolitical "Great Game" is clearly unfolding as China's development-driven, rapidly rising demand for petroleum has played a significant role in soaring oil prices. The price of oil, which averaged less than $22 per barrel in 2001, has increased by about $50 per barrel since then, surpassing $70 in recent days. Over the same period, the U.S. Energy Information Administration (EIA) reports that Chinese oil consumption has increased more than 40 percent. That increase has accounted for more than a third of the total growth in worldwide oil demand over the same period.

http://www.washtimes.com/op-ed/20060419-093142-9219r.htm

When demand goes up, supply stays the same....economics 101?

Rolex · « **Reply #1 on:** April 25, 2006, 08:25:05 PM »

What is this? We're posting "News for people who have recently emerged from caves?"

Stay tuned for next weeks news flash: "Bush beats Gore in presidential election."

moot · « **Reply #2 on:** April 25, 2006, 09:07:32 PM »

continuing the derailment, 4 posts to 20k, Rip.

Ripsnort · « **Reply #3 on:** April 25, 2006, 10:05:20 PM »

Quote

Originally posted by moot
continuing the derailment, 4 posts to 20k, Rip.

LOL, didn't even notice till you said something, actually I passed 20k some time ago, Skuzzy lost about 7,000 of my posts during a purging/change of HTML a few years back. Who's counting anyway?

Hangtime · « **Reply #4 on:** April 25, 2006, 10:58:27 PM »

assuming 4 minutes per post average... thats what; about 1,300 HOURS ??

54 DAYS?

thats just.... sick!

Ripsnort · « **Reply #5 on:** April 26, 2006, 07:27:32 AM »

Quote

Originally posted by Hangtime
assuming 4 minutes per post average... thats what; about 1,300 HOURS ??

54 DAYS?

thats just.... sick!

Maybe at your "hunt and peck" typing speed.