Longwei Petroleum (fka LPIH)

[GorillaGorilla]

RF, or anyone, did LPH benefit from Uber-traffic-jam?

Louis reckons they did. What I don't understand is that, surely, if traffic is moving it would use up more fuel than traffic stuck in a jam. *If* everyone was diverted through Shanxi province I see his point but I don't think that's what he said.

# In fact, our fuel supplier was one of the biggest profit takers of China’s 13-day-60-mile traffic jam north of Shanxi Province, as the sole licensed fuel distributor in the province. Which is why just about every coal truck had to refill with fuel from our company’s storage facilities. [1]

I guess we'll known soon enough.

rich

[1] http://www.trade4all.com/view_newsletters.php?email_id=22026&thetitle=A+%242+China+Oil+Stock+to+Hit+%245%3A+Buy+Now&desc=...