Dow Up 71 on Drop in Oil Prices -ANWAR Is A Loser

AP ^ | 7/14/05 | Michael Martinez

[borkrules]

I question the timing.

[Enterprise]

There was a sudden, and evidently unexpected, drop in oil consumption by China.

Here's the link.

[Tumbleweed_Connection]

Oil drives our economy. This is cold blooded evidence of such.

[WhiteKnuckles]

Anybody ping Willie Green yet?

[Buck W.]

...so where's the "ANWAR" part of the story? BTW--I believe the oil field is "ANWR". The late Mr. Sadat is "Anwar".

[Tumbleweed_Connection]

"ANWAR and why drilling there is right" -Rush Limbaugh, 8/1/01. You can find more.

For you... who are aghast over the fact that the word is not located in the story, it is not. ANWAR was headlined in satire.

[Buck W.]

My apologies...I'm usually better at this game!

[NeoCaveman]

There was a sudden, and evidently unexpected, drop in oil consumption by China.

Sweet! I still don't see $30 oil, and I'm an economic optimist.

[Enterprise]

I really don't expect to see it either. Sigh.

[CFC__VRWC]

Someone posted an article within the last day or two about how high oil prices were really clobbering China, to the point where they were having to idle factories for a couple of days a week because of the energy costs to run them. Maybe the Chinese economy has hit the wall in terms of its growth rate - it couldn't sustain the pace it was on forever.

[Enterprise]

I had posed that question a couple of months ago. I knew that the high oil prices were going to hurt us, but I wondered what would happen in China. It is difficult for any country to absorb the impact high oil prices is having.