GREY:CLLZF - Post by User
Post by
canestsalon Aug 23, 2005 2:00pm
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Post# 9449375
Saudis resources too low to satisfy China
Saudis resources too low to satisfy Chinahttps://www.salon.com/wire/ap/archive.html?wire=D8C5LJHO0.html
Look's like China will have to go elsewhere for oil. IMO, we're about to see a spat of juniors consolidating with majors, as the world superpowers make a grab for all the oil they can get.
- ces
Uncertain Saudi Supplies Hold Key to China
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By PETER ENAV Associated Press Writer
August 23,2005 | --
China's growing thirst for oil will place a greater strain on the world's top supplier, Saudi Arabia, at the very time doubts are being raised about the kingdom's ability to substantially increase producti...