For the Beijing bureaucrats who control China’s petrol pump prices, the cloud cast by Hurricane Katrina over global oil markets is lined with silver.
At least for now, Katrina’s disruption of the US refineries – not China’s voracious demand – is copping the blame for the global oil supply squeeze that sent prices to record levels last week.
Katrina may even deliver a windfall to the Chinese economy that will offset the higher cost of energy.
CDT EBOOKS
Subscribe to CDT
SUPPORT CDT
Giving Assistant
Anti-censorship Tools
Click on the image to download Firefly for circumvention
