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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: GREENLAW4-7 who wrote (102051)6/4/2008 9:00:08 AM
From: CommanderCricket  Read Replies (3) of 206181
 
Greenie,

"China cannot handle $100 crude, rather make more Bikes!!"

Do you follow the Chinese RMB/Yuan?

As the RMB goes up in value as it has, the price of crude in $USD goes down. In addition, the government subsidizes fuel.

There is no way demand will drop in China until the RMB weakens or the government throws in the towel on subsidies.

IMO the only place in the world to substantially cut enough demand to make any difference is the US and $4 gasoline isn't enough.
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