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To: carranza2 who wrote (93062)	11/3/2007 1:07:25 PM
From: Ed Ajootian	Respond to of 206326

carranza, I think at some point they will be forced by the market to get rid of subsidies. The money to fund the subsidies has to come from somewhere.

To: carranza2 who wrote (93062)	11/3/2007 1:30:13 PM
From: Ed Ajootian	Respond to of 206326

Market Eye: China Hikes Prices as Shortages Bite International Oil Daily (Friday, November 2, 2007) China raised fuel prices by around 10% Thursday in a bid to ease a worsening supply crisis. Retail prices were increased by 500 yuan ($66) per ton amid growing fuel shortages that have sparked violent clashes at service stations, resulting in at least one death. ************************************************************ It looks like they are already starting to see the light.