China quake disrupts supply lines
The massive earthquake in China last month – its worst in three decades – hit global supply chains as well as changed the picture for energy demand for the world’s most populous country.
“Everybody knows the human tragedy over there, but there’s been very little discussion around what does this mean on the industrial front,” said John Krenicki President and CEO of GE Energy.
“I think it’s going to be a big story, just like what were the after-effects of Katrina,” he said. Listen to Krenicki’s comments here.
Guy Caruso, head of the Energy Information Administration, talked about how quake damage to some coal-fired power plants, as well as the Olympics, could boost oil demand in China, at least temporarily. Listen to Caruso’s comments here.