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China Freezes Oil And Some Other Commodities
Reuters ^ | 19 September 2007 | Staff

Posted on 09/19/2007 4:19:16 PM PDT by shrinkermd

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1 posted on 09/19/2007 4:19:18 PM PDT by shrinkermd
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To: shrinkermd

makes it hard to pump


2 posted on 09/19/2007 4:21:11 PM PDT by SmithL (I don't do Barf Alerts, you're old enough to read and decide for yourself)
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To: shrinkermd

This didn’t work too well for Mugabe. I wonder if we’re not seeing the beginning of something really big here. Surely the Chicoms know better.


3 posted on 09/19/2007 4:21:49 PM PDT by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: shrinkermd

Didn’t we try something like this back in the seventies with disasterous results?


4 posted on 09/19/2007 4:23:20 PM PDT by utherdoul
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To: SmithL
LOL, price controls hurt every time they are tried.

OH well, it’s just the chicoms.

5 posted on 09/19/2007 4:25:12 PM PDT by chaos_5 (... I'm just another angry white male ...)
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To: shrinkermd

Frozen oil... Is that another commie plot?


6 posted on 09/19/2007 4:28:35 PM PDT by Brilliant
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To: shrinkermd
China.."We ain't paying no more for no stinking oil".

Good luck with that.

7 posted on 09/19/2007 4:35:24 PM PDT by Earthdweller (All reality is based on faith in something.)
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To: shrinkermd

China’s economy is going so strong the only thing that could foul it up is commies acting like commies.


8 posted on 09/19/2007 4:37:01 PM PDT by Always Right
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To: shrinkermd

Yes, price controls don’t usually work, so I doubt this will help China’s economy. I have to wonder if China’s runaway economy will falter as Japan’s did. It wasn’t that long ago everyone was concerned Japan was buying out the United States.


9 posted on 09/19/2007 4:39:47 PM PDT by Williams
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To: Williams

........usually don’t work......

In addition to communists, there are an ever increasing number of business people rising in the ranks. Neither group knows what to do for the simple reason they have never been there before.

The control might be considered a brake..... it will only last for 90 days or so.

We’ll watch closely won’t we.


10 posted on 09/19/2007 4:45:30 PM PDT by bert (K.E. N.P. +12 . Hillary's color is yellow.....how appropriate)
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To: Brilliant

It will be showing up on the markets in a month or two ... they are just waiting for the Xmas season to launch it ... you do know frozen oil does not move as fast as regular temp. oil ... so we should get more miles to the gallon!


11 posted on 09/19/2007 4:51:03 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: All

Someone is simply going to stop working. Losing money does that.


12 posted on 09/19/2007 4:53:43 PM PDT by Owen
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To: Earthdweller

I think it’s the retail (pump) price that they’re trying to control — not what they pay on the World Market.

Freeze the price & demand will outstrip supply at some point.


13 posted on 09/19/2007 4:56:18 PM PDT by Tallguy (Climate is what you plan for, weather is what you get.)
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To: utherdoul
Didn’t we try something like this back in the seventies with disastrous results?

Yeah, the Nixon administration tried it and it was an abject failure. Every regime that has attempted it has failed in its goals.

"Those who cannot remember the past are condemned to repeat it."
George Santayana, The Life of Reason, Volume 1, 1905 US (Spanish-born) philosopher (1863 - 1952)

14 posted on 09/19/2007 5:02:25 PM PDT by IonImplantGuru (I'm mad as hell, and I'm not going to take it anymore!)
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To: shrinkermd

China’s currency is pegged to the dollar.

The US is working to devalue the dollar and lower our debt problem.

China has no debt problem. (except for the amount of US treasuries it holds)

But if the dollar is devalued so will China’s currency.

At some point in the US vs China monetary chicken game, someone will blink. I can’t guess who that will be.

China has already limited raw materials sales to other countries to stem the loss of those at below market values.

They can artifically control prices for only a short time.


15 posted on 09/19/2007 5:11:29 PM PDT by live+let_live
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To: shrinkermd

The last time China did this, it has gas lines. I’m sure this time will be no different.


16 posted on 09/19/2007 5:16:23 PM PDT by Zhang Fei
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To: Earthdweller
China.."We ain't paying no more for no stinking oil".

Good luck with that.

Perhaps the Chicoms will invade Saudi Arabia and just take the oil. Sounds familiar, any how.

17 posted on 09/19/2007 5:21:06 PM PDT by stboz
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To: Brilliant

Another commie plot regarding precious... fluids.


18 posted on 09/19/2007 6:07:55 PM PDT by Kevmo (We should withdraw from Iraq — via Tehran. And Duncan Hunter is just the man to get that job done.)
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To: shrinkermd

No wonder the price of oil keeps going up.


19 posted on 09/19/2007 6:13:43 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: shrinkermd

for later


20 posted on 09/19/2007 9:47:15 PM PDT by AprilfromTexas
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