Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (4665)	4/19/2004 5:40:01 PM
From: CalculatedRisk	Read Replies (3) of 116555

This comment on oil and China is dead-on: Q. If you're afraid of China's energy needs adding to conflict in the Middle East, what policies toward OPEC and the Middle East oil countries do you suggest China should follow? A. I think personally that China should do everything it can to avoid making the mistakes the US has made, which is to invest too much money in oil infrastructure. China is in a relatively good position, because it's not over-invested in oil. It's still making its first steps into industrialization, and it can leap-frog oil and move directly to the next sources of energy, instead of becoming dependent like the United States. I don't think there is a place for both China and the US in the oil market; in the long run, it's a recipe for disaster, and I think it will affect relations between China and the United States. MY COMMENT: China leapfrogged phone service (went to cell phones without building out land lines) much the same way. America should lead the revolution to alternative energies ... the benefits are huge.

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