Fraggle: China Rationing Gasoline And Diesel Fuel !!!!!

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Comments:

 

This is their heart of manufac. This is where goods to US etc.,are

made, if they have shortage/rationing now, imagine what will happen 6

months down the road !!!

 

Vijay

 

 

China Rationing Gasoline And Diesel Fuel

 

by Andrea R. Mihailescu

UPI Energy Correspondent

Washington (UPI) Aug 09, 2005

China's most prosperous city of Guangzhou has begun rationing gasoline

and diesel to cope with a fuel shortage. Guangzhou experienced a

monthly shortfall of approximately 12,200 barrels per day of oil

products, Xie Zhaowei, secretary of Guangzhou's Petroleum Industry

Association, said.

 

China National Petroleum officials said soaring oil prices and a

refinery-imposed supply crunch led to a shortage in the consumer

market. China's growing energy consumption is also a factor.

 

" Asia's largest oil refiner Sinopec relies on imports for much of its

crude for refining, so the surging crude prices on the world market

have greatly hurt the oil giant's refining business, when the central

government still controls the price of domestic refined oil to

stabilize the market, " a CNPC official was quoted by the China Daily.

 

Source:

http://www.terradaily.com/news/china-05zzzzzo.html