‘Phantom Demand’ By China Could Drive Oil Prices Up
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China’s aggressive stockpiling of oil will have serious political and economic ramifications in the US, effects that could influence election outcomes and gasoline-pump prices in both the near term and long term, according to industry expert Chris Faulkner, CEO of Dallas-based Breitling Oil and Gas. According to the International Energy Agency’s (IEA) China 2012 Update, […]read more
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