[AFPhys]

http://www.freerepublic.com/focus/f-news/1466304/posts
Police deployed at South China gas stations(Price controls=fuel shortage)

This article demonstrates what I have been stating in many threads about the price of oil: that this rise in oil prices is going to hurt the "newly emerging economies" like China and India FAR MORE than it will hurt the US - we're far more prepared for higher oil pricing than they are, and it will be THEIR demand that falls sooner or later. They just don't have the backup systems and resources we have developed over the years...

Pretty soon the futures traders are going to figure this out...

[RightWhale]

The problem in China is fairly small today; distribution is always a problem for centrally controlled economies. But shortages, when they finally develop in a serious and permanent fashion will definitely hurt the weaker economies first and most. America and Europe could get by on a lot less oil, it would slow us down, but we would survive. China would have to park their new SUVs, but would still have to make payments anyway while they ride their bicycles to work to darkened factories. China could even have food shortages.

[Brilliant]

Yep. The main reason they need oil is to run their productive capacity. They make a lot of things out of plastic. Plastic is made out of oil. They use fuel to run industial machinery. That takes oil. They have autos, of course, but not nearly as many as we do. Our primary use of oil is to provide transportation for workers and consumers, and to move goods. If we cut back, then that's what we're cutting back on. Whether the Chinese cut back or not, they are going to be generating a lot less income because the cost of oil has gone up.

[GOP_1900AD]

RE: Pretty soon the futures traders are going to figure this out...

But of course, they will be "fueling" hysteria to the best of their capabilities, going after just... one .... more .... dead cat bounce, until the bottom completely falls out of this frothy, overhyped market! LOL ....