Tag Archives: china hoarding oil

Oil Demand Picks Up As Prices Drop

By Johnny Bevers Demand for cheap oil is picking up as world markets race to buy and store cheap oil and increase their reserves.  China, for example increased its imports to more than 460,000 barrels per day for an 8.3% increase over 2010 levels.  Guess what?  They’re no stopping!  China is racing to build even more … Continue reading