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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: critical_mass who wrote (5702)2/11/2006 8:23:11 PM
From: RealMuLan  Read Replies (1) of 6370
 
Oil price is too high now, so China delays the filling of their oil reserve. China is waiting for the oil price coming down. I read that the Max. price for China can take for oil reserve is $40/barrel.

Chinese are not that stupid<g>. So whoever counting on China's oil reserve to prop the world oil price, will be disappointed<g>. Same as for those who count on China increasing gold reserve would push the gold price up a lot. China can afford to wait.

And who knows? Maybe the Tokamak which will be in trial operation in March in China will be a success? That would help China a lot.
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