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To: ChinuSFO who wrote (10933)3/30/2004 10:39:43 PM
From: BearcatbobRespond to of 81568
 
Chinu - the price of oil is set on world markets - like other commodities. In the case of oil supply is restricted by OPEC to maintain price. Recently your home land has been prospering and has become a major consumer of oil - making it a commodity that is rising in price. Other Asian countries are also booming - ie India. The price for the world of their success is healthy commodity markets. Look at the price of copper - are you complaining about that? Look at the price of nickel - are you complaining about that? Look at the price of soybeans - is that the result of farmers ripping us off?

No dodo - it is a healthy world economy that is straining against the limits of production.

Now - you could hope for those Asians to go back into poverty so we could have cheap oil. Would that be a good thing for you?

Hey it is only going to get worse - I mean better as people's lives improve - is that better or worse for you?



To: ChinuSFO who wrote (10933)3/30/2004 10:39:53 PM
From: geode00Read Replies (1) | Respond to of 81568
 
George of Arabia's buddies threaten output reduction. Big demand...in China?

business.timesonline.co.uk