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Is China's growth in oil demand sustainable? | 7 comments (7 topical, editorial, 0 hidden)
Re: The cost of China's subsidy (none / 1)
2.5mbd is the import number, isn't it? Consumption is now at 6mbd, with domestic production at 3+mbd. So you need to more than double that subsidy, to 40 or more billion dollars, a not unsignificant figure...(even if they don't pay that 20$ on the domestic production, it is still lost revenue)

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (jeromeguillet@yahoo.fr) on Tue Aug 16th, 2005 at 10:19:59 AM EST
[ Parent ]
Re: The cost of China's subsidy (none / 0)
Yes, you're right.  
by corncam on Tue Aug 16th, 2005 at 12:07:32 PM EST
[ Parent ]

Is China's growth in oil demand sustainable? | 7 comments (7 topical, 0 editorial, 0 hidden)
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