Gasoline Shortages in China

liver411

August 19, 2005

Gasoline Shortages in China

Sun Bin has a picture:

Sun Bin: China's oil price (ii) - and transition of SOE: As predicted in my earlier post, China anti-market pricing policy is running into crisis. Gas stations in Guangdong refuse to sell and Sinopec/CNPC are not supplying the retail stations. Long lines make fueling wait into hour-long ordeal, or sold out when you reach the pump. Even People's Daily is admitting it now...

Posted by Brad DeLong on August 19, 2005 at 09:05 AM in Economics, Economics

GK

energy crisis,

China's govenment should handle this with a long-term strategy,but China failed at a few acquisitions in the oil market in the past few month.

so sooner or later it will come like car can not go because of the lack of gasoline.

beat_it

if the pricing policy is anti-market, how can CNPC earn 616 billion yuan in the first half year? American dont know china.

http://msn.ynet.com/view.jsp?oid=6179003