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Politics : President Barack Obama
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To: SiouxPal who wrote (24510)6/23/2008 7:27:31 PM
From: tejek  Read Replies (3) of 149317
 
Cramer said today that China would pay $150 a barrel for all they could get.
He said America is a small player in these prices.

I think it was Simmons, an oil pundit, who thinks the Chinese gov't raised the price of oil to the Chinese consumer, hoping to reduce their demand, so that the gov't would have more oil for itself. And Cramer believes that China and India would soak up any surplus the Saudis produce........which is all very scary esp. with all the turmoil in Nigeria at the present time.
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