http://www.cnbc.com/id/30466069 & the article ''Being Long China May
Be Dangerous' at the bottom of the article say otherwise. If this
can't clear it's recent high soon I am out. The article makes a very
good point about crude oil and the chinese economy.

On Apr 28, 9:59 pm, paperga...@gmail.com wrote:

I read that article and it is flat out wrong. The US consumes almost 3
times more oil than China (20.6 vs 7.5 bbl/day). The EU consumes 14.5
bbl/day so that is twice as much as China. So the US is the primary
driver of crude markets followed by the EU, not China. Any oil analyst
would laugh at coupling oil price with China today.
In these tough economic times are people more likely to buy made in
China products or made in USA products. Generally Chinese products
cost less than 1/5th the cost of USA products even with shipping and
punitive import tax. If anything China will emerge stronger due to
economic fundamentals.
Down the road they could well consume more oil than the US if they
follow the US consumption model. However IMHO we will see them leap
frog gasoline vehicles. They have an abundance of coal. Also after the
success of 3 gorges they are building more hydro plants. This will
create jobs, save the environment and provide low cost renewable
energy. It should be noted that India are building the worlds largest
nuclear reactor to provide power too.

On Apr 29, 9:20 am, lhea...@gmail.com wrote:

yeah, US consumed approx 24% vs China by 7% of world's oil. issue is
consumption growth in China is 2x faster than US (7% vs 3% in long
terms). and most oil reserves are aging, esp Saudi, perhaps that's one
reason why US was invading IRAQ. It didn't make sense to distinguish
goods made in US or China in a sense that although it's manufacturing
in China but most are owned, designed and sold by US business, i.e.
most profits are retained by US multinational companies. in mid term,
it's still attractive to invest in US multinational businesses esp if
USD is gonna to depreciate a lot few years from now. raw production
cost could be as low as 10% or less excluding taxes and freight
charges, but if you adjusted by inflation and earnings/expenses ratio
between two countries, the difference could be boost to 20% or much
higher. but if we excluding leveraging style in US consumer market,
the cost could be 10% again. all depends how to measure the
differences. e.g. a pair of Nike shoes usually cost less than $6-$8 in
USD for manufacuring, at retail level it could be selling as high as
80-$100 USD.

On Apr 30, 11:24 am, offpi...@gmail.com wrote: