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To: SiouxPal who wrote (24510)6/23/2008 7:27:31 PM
From: tejek  Read Replies (3) | Respond to 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.



To: SiouxPal who wrote (24510)6/24/2008 12:28:28 PM
From: koan  Respond to of 149317
 
Cramer drives me nuts, but he sure brought it home!