Posted on 05/06/2008 1:26:33 PM PDT by The_Republican
Thanks for the link. Will check it out!
Your welcome!
Proves well when a need correction with a last name leads one to do historic research. :)
schadenfreude
It depends on what happens down the road. I have a theory on the price of oil. It isn’t skyrocketing because more Chinese peasants are driving crappy cars on crappy roads. I believe it’s because the Chinese are buying up every drop of black gold they can get their hands on and storing it much like we store oil in the SPR. Why? They are drowning in increasingly worthless greenbacks or “Walmartdollars” and believe they’re better off holding a real product. Essentially they’re trying to pull a corner on the oil market, and they have so much cash they might just get away with it.
Also, the one thing China doesn’t have to support a major war of aggression is their own oil supplies. This is what buying all this oil does for them. I believe they have the idea of marching into the middle east in phase II and completing the corner by taking the oil fields.
Possibly. I've heard that the power grid in China is very much underdeveloped in the hinterlands. Many manufacturing concerns get all or a significant portion of the electricity from on-site diesel generators. This is grossly inefficient.
I caution that this is just anecdotal. I have no numbers to back this up, but probably nobody else does either.
Only a diver or gymnast could do the embarrassing. However, both are subjectively scored and we all know how that will turn out.
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