Archive for June, 2008

China: An Exploratory Fuel Price Increase

Friday, June 20th, 2008

The Chinese government announced June 19 that it will raise the price ceiling on a number of energy products by 5 percent to 25 percent. However tentatively, the Chinese are thus beginning to accept the challenge of running the gauntlet between unemployment and inflation.

Yesterday China announced that it would raise diesel & gasoline prices by 1000 yuan/ton, equivalent to around $0.48/gallon. With current prices around $2.70/gallon, this amounts to an increase of +18%. In addition China is expected to raise jet-fuel prices by 1,500 yuan/ton, or +25% today. On July 1, China will also increase electricity prices by an average 0.025 yuan/kilowatt-hour, or +4.7%.

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Summer of 2008

Sunday, June 15th, 2008

I’m so glad it’s summer. I’ve been getting to really enjoy the things that I love the most — such as water-skiing, having the “challenge” of working on some C++ and website projects. I really feel free, like there is no weight on my shoulders, and it is such a great feeling to have!

Two of my most recent website designs are:
TJON INTERNATIONAL
BuySomeDrank.Com

So, eventually, this website will get updated with some cool look, instead of the default theme.
I hope everyone is having a great summer!