The Price of Gas in China
Posted by Moonage on 18 Aug 2005 | Tagged as: Oil Supply
Yesterday I mentioned China in regards to my comments on Senator Stabenow’s bill to tap the SPR. Specifically the fact that China is now trying to fill their SPR as well. Today I find this article at Gateway Pundit:
Note to Senator Stabenow:
The Chinese government controls the price of gas in China. Their effort to keep the price low is what is driving the demand. The demand has now exceeded production in two key Chinese cities. Fear is the same problems will occur in Shanhai.
However, there is some good news:
Sounds like a good way to placate the masses. Sounds kinda like how ANWR’s been handled here. Every time there’s a panic, people want to drill in ANWR. I’m not opposed to it, but I don’t think it will solve the primary reason for the shortage in the first place.
Given the pictures featured on Gateway Pundit, and the previous article I mentioned that cites the Chinese government trying to fill their SPR, you can forget about lower prices any time soon. And, if you want lines like they have in China, keep encouraging the Stabenow’s to artificially lower prices.
1 Comment »
on 22 Aug 2005 at 8:40 pm 1.Bryan Kerwick
said …
The high price of oil is not necessarily a bad thing.
Economics dictate that when the price is up, alternative solutions become economically feasab;e. The farmers sure could use a boost in prices for ethanol or we will be forced to perfect hydrogen fuel. Either way, that is a good thing. The more we become self reliant and less dependant on Arabs for oil, the better off we are.ANWAR must be opened up for drilling.
BTW, Caribu and reindeer herds increased several fold after the Alaska pipeline was installed. Seems that 140 degree fuel running thru the pipes helped with the grass growing longer in the year. More food means more Caribu and reindeer. The doomsday tree hugging liberals don’t want to talk about that anymore. Wonder why?