Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Ripsnort on April 25, 2006, 06:59:22 PM
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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?
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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."
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continuing the derailment, 4 posts to 20k, Rip.
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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? ;)
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assuming 4 minutes per post average... thats what; about 1,300 HOURS ??
54 DAYS?
thats just.... sick!
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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. :rofl ;)