Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (125132)	5/24/2008 12:44:12 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

IMO, the ROW is what's bidding up crude. That's why imports (to the US) are down and prices are up. Chindia is a giant oil sponge, and it's been working overtime. The fact that the Yuan is still (somewhat) pegged to the clownbuck means that Ben's overuse of the printing press is putting lots of excess cash in Chinese hands, and it's just as quickly being put to work buying bubblin' crude. No such thing as a free lunch, I'm afraid. We'll get a pullback in crude prices as the recession deepens, but unless China and India also slow (to recession levels), I don't expect to see crude in double digits.