Even though drivers in the US have cut consumption rather dramatically, we hear the same excuse from the oil pit every day: It’s a matter of supply and demand and China needs so much oil for its economy.
Okay...we are China’s main customers. It would be smart to totally boycott everything Chinese, thus helping to bring down their economy and their need for oil.
How would we fill our Wal-Mart carts with useless, plastic objects?
Then they’d dump the 1.x trillion dollars they’ve collected from our various debts and we’d be looking at even higher price increases.
Okay...we are Chinas main customers. It would be smart to totally boycott everything Chinese, thus helping to bring down their economy and their need for oil.
A good strategy, except China is one of the largest buyers of U.S. debt. They stop buying our t-bills and our economy crashes...
It’s a global world. Best get used to it.
And when our media talks about oil prices, they mention our US greed and gas guzzling vehicles. I don't hear the stories about China's need. Unfortunately. We are China's main customers, and now they have us over the coals, so to speak. Thanks, Bill.