Wednesday, 17 June 2015
China Oil inquriy - Situation Normal
The Capitalists have been at work, hence the slight interupption in service....
A quick update to the China Oil stories of last week. Apparently, apart from a few arrests and minor indiscretions all is well now - there is even an official looking press release on Reuters.
So perhaps there was nothing to it after all....
Anyway now for a fun game - how much money was alleged to me to be missing do you think?
A) $60 million
B) $600 million
C) $6 billion
D) $60 billion
E) $600 billion
(As a pointer, the physical crude trade alone in China is around $1 billion per day, double that or more when you add in refined products, then there are derivatives etc that all the majors play with)
Answers in the comments.