Article

2005-06-12 China-Japan-Koreas

China to Have Strategic Oil Reserve Soon

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Posted by gromky 2005-06-12 00:00|| || Front Page|| [1 views since 2007-05-07] Top

#1 It's a good thing. Reserves have a quieting effect on price swings.

Posted by Shipman 2005-06-12 11:31|| 2005-06-12 11:31|| Front Page Top

#2 Price will go up - with China purchasing all the "extra" oil necessary to fill it's new strategic reserve (demand ^. then price ^)

Posted by Hupavilet Sholuth6087 2005-06-12 17:31|| 2005-06-12 17:31|| Front Page Top

#3 In the short term yes, but consider the long term price viz. short term fluctuations in the ice market.... in Pensacola last year it was 1.5 us a lb on the nreal spot market.. the price variation was soon dampened by the large terrestrial ice reserves.

Posted by Shipman 2005-06-12 19:47|| 2005-06-12 19:47|| Front Page Top

#4 To wit Ima mean the short term increase price caused by demand was quickly damped by a large reserve.

/Macro is easy

Posted by Shipman 2005-06-12 19:48|| 2005-06-12 19:48|| Front Page Top

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