China's oil crisis seems to deepen.
A continuing stream of reports on China's energy shortages. This National Geographic picture is priceless! (hat tip: 321energy) Gas Thief Escapes on Tricycle!
"Speeding from the scene of the crime, a Chinese boy tows a floating plastic bag of stolen natural gas last week. Flouting a government ban, farmers around the central Chinese town of Pucheng frequently filch gas from the local oil field. "

Another good article is in The Financial Times: Beijing under pressure to tackle oil shortages

How I read this is when China fixes their Yaun valuation and their socialist gasoline pricing problems, they will be buying EVEN MORE oil in the future. In the short term they may be experiencing shortages but I bet the Chinese government will work even more aggressively to secure more fuel oil and to prevent their economy from stalling due to energy shortages.