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| big, criticality accident, hobby photography, manual, fatmanblocks 2, drama, strategy, 0571116191, travel bugs, rabbit pearl, james eckhouse, video game, politics and government, j. robert oppenheimer, biographies, | A lot of that crude comes from West programs Africa, especially Nigeria. As demand in China has programs heated up, the price of light crude zoomed to meet that demand, and the sweet-sour spread expanded considerably. China did not need fuel oil for power plants (it can get plenty of crummy crude for that). But Chinese programs motorists do want gasoline. DRIVING EAST In fact, 2004 could very be remembered as the year that American consumption no longer drove the global crude market, while Chinese consumption did. It isn't that America no longer matters. We are, and will remain for some time, the world's largest oil consuming nation. Americans use about one-quarter of the world's 80 million barrel per day output. But the serious, money-making growth is no longer here in North America. |
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| (Saudi Arabia has frequently noted – or taunted, depending on how you want to look at it – that US refining capacity has not kept pace with American demand for gasoline, biographies diesel and biographies heating oil. Recently, Aramco offered to build and pay for two brand biographies new refineries in the US to help meet that demand – on the condition that someone else obtain all the necessary environmental permits first or that the federal, state and local governments involved fast-track the process and protect it from legal challenges. It was a generous, unrealizable, and extremely cynical, offer.) However, nearly all Asian refineries outside of Japan and South Korea – especially refineries in China and India – are incapable of producing anything but straight-run gasoline, and are heavily dependent on light crude to fill the gas tanks of the increasing numbers of vehicles on their roads. |
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