To: TigerLikesRooster
"China should be tested on how well it can survive tough time."The Asian meltdown of 1997 hurt them much more severly than us. The social ramifications were at least as significant.
The west can live with $140 oil. The Chi Coms can't.
They don't sell us much we really need. They need commodities.
17 posted on
06/23/2008 2:07:23 AM PDT by
bruinbirdman
("Those who control language control minds." - Ayn Rand)
To: bruinbirdman
This plus the other internal problems in China will make for some interesting times ahead.
18 posted on
06/23/2008 6:40:42 AM PDT by
Army Air Corps
(Four fried chickens and a coke)
To: bruinbirdman
The west can live with $140 oil. The Chi Coms can't.
The less developed a country is, the more energy it uses per dollar of GDP. High oil prices are poison to China and will cause very substantial demand production as soon as the PRC reduces their subsidies to end users.
Energy markets are self-correcting.
jas3
19 posted on
06/23/2008 7:17:40 AM PDT by
jas3
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