[jas3]

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

[gingeroni]

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.
Unless China owns the wells. Don't they have significant investment in oil from Africa? What's to keep them from "colonizing" oil producing failed African countries? The UN?