China losing streak in international oil prices start time for the maturity of oil reserves

 China started losing streak in international oil prices oil reserves opportune moment? ,UGG shoes
Face of falling international crude oil prices Recently, China's strategic oil reserves should start a policy? Yesterday, the China Petroleum University, Associate Dean of Business Administration in Dong Xiucheng an interview with reporters, said: On March 11, New York, oil prices began to drop 66 dollars a barrel less.
Dong Xiucheng that, although these days a steady decline in international crude oil prices, but this is temporary, and oil prices will continue to fall or whether the stabilize the price are still unknown, so the strategic oil reserve of start time is not that the timing of the strategic reserve, still need further observation to determine the trend in international oil prices.
same time, he also pointed out that the so-called oil stable, usually in 2 to 3 months to maintain a relatively stable price of living, if, when the international oil price is still in the price of 60 dollars per barrel,Discount UGG boots, then, Sau-shing said.
China is Asia's largest oil consumer, in July this year, the latest data shows that net imports of crude oil during the first half of this year a substantial increase of 17.6% to 70.3 million tons, Japan imported about 285 million barrels. It is understood that , China's total oil reserve base planned for the three, the first phase of oil storage capacity of 10 million to 12 million tons, the second phase 28 million tons, third phase 28 million tons.
deputy director of the NDRC Energy Bureau Xu Yongsheng also said publicly that the month long to complete the strategic oil reserves may take decades, so when China launched the Strategic Petroleum Reserve oil filling is not important. National Development and Reform Commission Chen Deming, deputy director of the ASEAN Energy Business Forum, also said that China will only start when the appropriate time and price of oil filling the strategic oil reserve project.
international oil price hovering around 60 U.S. dollars in the AP
as traders worried that OPEC may take measures to limit production price,UGGs, 25 November delivery on the New York market price of a barrel of crude oil futures rose 90 cents to close at $ 61.45. The day before the New York Mercantile Exchange, crude oil futures prices fell below 60 dollars a barrel mark, there since 6 months low.
slowdown in the global economy could curb demand growth under the influence of crude oil prices decline does not seem to appear to stop sign. Meanwhile, demand growth is still shrouded in doubt the market. Last week, the New York futures price of crude oil from the beginning of the week $ 64.45 $ 59.80 fell over the weekend, to close at $ 60.54, fell more than 7%.
reporter observed
10 years, global oil production will decline after the peak, which led to steadily rising oil prices, and even trigger a global energy crisis.
Exxon - Mobil Oil's senior director of Mark. Nolan has quoted the U.S. Geological Survey The data that the global conventional recoverable over 30,000 barrels of crude oil, while heavy oil and other unconventional oil extraction can increase the global volume of recoverable crude oil 40,000 barrels, while global mining currently only 1 trillion barrels of crude oil. He concluded that speed,UGG boots clearance, the world's crude oil reserves can be mined more than 100 years. He believes, On 10-year peak, then the oil-consuming countries are bound to be ready for this, which is mainly to reduce dependence on oil, while speeding up the development of alternative energy sources. U.S. Department of Energy has commissioned the relevant agencies to as a basis to develop long-term energy strategy.