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Thread: Taxi price in Xian is about to mark up, again!
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[quote=DOUTIN ,12060]Since August 21st in Qingdao the initial price is 8Y.Too many RICH Chinese bought cars now, so it has an increasing impact on the global oil price [China's oil demand grew by almost 16% in 2004], haha..it's not the only reason, but it's a fact.Don't forget, the death of the King Fahd of Saudi Arabia on August 3..I guess the main reason however is that America [5% of the world population] is biggest consumer [one quarter of the global produce].China's oil consumption per person is around one-fifteenth that of America.Another reason for the northward movement of oil prices is speculation.[/quote]
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