"Excessively fast growth in oil consumption is exceeding the tolerance capacity of our country,"...

"Excessively fast growth in oil consumption is exceeding the tolerance capacity of our country," says the NDRC as it hikes China's retail gasoline and diesel prices by 4.5%. Since the last increase in December, the price of Brent crude has jumped 10%.

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Comments (3)
  • Bozerdog
    , contributor
    Comments (463) | Send Message
    Get ready everyone. Oil prices will once again sap the life out of the economy. Why on earth we don't have the foresight to invest in alternatives that will tranquilize the effect of this is beyond me. It's bad business America. We have known about this for decades yet we still act like our oil dependence isn't a big deal. It's like a crack addict who says he doesn't have a problem.


    21 Feb 2011, 11:26 AM Reply Like
  • kmi
    , contributor
    Comments (4527) | Send Message
    The amount of NG that's come online since 2008 is awesome.


    Look at the NG-oil relationship, every day it gets wider.


    BTU for BTU NG is kicking oil's ass and we have so freaking damn much of NG.


    If you have dual-fuel units or have made a oil->NG switch recently you'd be astounded.
    21 Feb 2011, 07:41 PM Reply Like
  • Bozerdog
    , contributor
    Comments (463) | Send Message
    Your right except we are 20 years behind the curve.
    22 Feb 2011, 10:15 AM Reply Like
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