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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (24545)6/24/2008 4:30:54 PM
From: tejek  Respond to of 149317
 
Raising the price of oil in china may actually increases the demand for oil. Weird, but as oil was subsidized by the government refineries were hurting. Now they can import more oil as they can make a profit.

It would not surprise me. According to energy experts, China wants to absorb any increase in output that occurs. That's what makes this whole situation very scary.