Looking back on figures for China 1st half 2008 -
Gasoline consumption up 16.2%
Diesel up 14.7%
Kero up 6.6%
Something has to fuel their 10.4% GDP growth. The idea of raising the domestic price on fuel in China was to increase supply, as refiners were losing money and creating shortages.
If we are at US$120 bbl, there is more liklihood of supply disruption than demand destruction. Economists talk about oil as though it was wheat.
Oil reserves are the key. Any oil producer (like CVN) will be in the position where increases in the price of crude will place greater increasing value on their remaining resource than the diminishing effect from depletion.
We are along way from demand destruction, more a state of wishful delusion.
- Forums
- ASX - By Stock
- long term price of oil
Looking back on figures for China 1st half 2008 - Gasoline...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
19.5¢ | 19.8¢ | 19.5¢ | $175.0K | 897.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 75120 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 1009978 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120 | 0.195 |
27 | 2674167 | 0.190 |
24 | 2922528 | 0.185 |
10 | 938188 | 0.180 |
9 | 483289 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 1009978 | 18 |
0.205 | 1117274 | 14 |
0.210 | 1034412 | 20 |
0.215 | 395145 | 8 |
0.220 | 744461 | 17 |
Last trade - 10.12am 02/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online