Beijing's stimulus package will lift demand for oil

Wall Street Journal- November 11, 2008
China consumes 8 million barrels of oil a day, and the US consumes about 19 million barrels of oil, but China also has four times the population. With the way China has been growing there is going to be major effects with the demand and cost of oil. China was a driving source in the peak oil prices this summer, so that could end up making record prices a norm in time to come. Major reform needs to happen in the industrial sector in China, And they have showed some promise in reducing electrical consumption. It is strange how the oil demand has fluctuated so much and with hope for reform in the energy sector in the US there may be even more strange action to come.