makes it hard to pump
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.
Didn’t we try something like this back in the seventies with disasterous results?
Frozen oil... Is that another commie plot?
Good luck with that.
China’s economy is going so strong the only thing that could foul it up is commies acting like commies.
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.
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.
The last time China did this, it has gas lines. I’m sure this time will be no different.
No wonder the price of oil keeps going up.
for later
Shortages soon?