[McGavin999]

China is subsidizing their gas to keep it priced low. The longer this goes on, the less likely the Chinese will be able to keep it up. When they finally have to let gas prices go where ever they're going to go, then the market will stabilize.

They keep the gas prices where they are, our economy slows down and when our economy slows down, their economy will almost stop, along with the european economy.

Perhaps one of the things that will come out of these storms is the fact that we have too few refineries. If we had more, this hit wouldn't be as nasty as it is.

[RightWingConspirator]

Add to that the fact that we need to bring in new supplies off the coast of Florida and California and in the ANWR.

[PureTrouble]

"China is subsidizing their gas to keep it priced low."

Bingo!!!!
We have a winner.

The high oil prices are going to dig into the pocket book of China who has been dumping products in the US for a long time. The higher they go, the faster the Chinese products will return to reality and equal stature with the cost of US items.