How to Profit From China’s Cooking Oil Shortage
Jul 27th, 2008 | By Andy Carpenter | Category: Featured, Financial NewsAndy Carpenter in Investor’s Daily Edge says China now consumers 44 pounds of cooking oil per person every year. And this trend is growing at a rate of 10 percent a year.
This makes the Chinese the biggest consumers of cooking oil in the world. It also opens up a great way to profit.
China imports about 350 million tons of cooking oil each year. All that oil can then be recycled to create biofuels - by companies such as Gushan Environmental Energy (NYSE:GU). More from Andy…