[PGR88]

Actually - the Chinese oil companies lose money! They buy oil at world prices, then refine it and sell it domestically at low prices (controlled by the Gov’t, of course). That’s why in some cities, drivers now wait 5 hours to fill up.

So, the CHinese Gov’t encourages oil usage (and carbon output) by artificially keeping prices low, and then feeds back subsidies to its money-losing oil companies

Socialism in action!!

[Texas Songwriter]

Actually - the Chinese oil companies lose money! They buy oil at world prices, then refine it and sell it domestically at low prices (controlled by the Gov’t, of course).

Isn't this Obama's plan?