My crystal ball is fogged up
Quote:
Originally Posted by
duncan macgregor
No worries my friend the games begin after the games end. One more month of doom and gloom for you oilers, who seem to think you are better off in a high price oil market. The opposite will happen as you will shortly find out when the price of oil trends up crashing your market. Macdunk
Both you and Digger have a view that China will 're-start' after the games. But Beijing and its precincts are small part of a very big place. Moreover, there are signs of a property slump appearing there - and property slowdown being the first step on the downside of the business cycle may mean that China (India too?) are finally obeying normal economics and come to terms with the fact that gravity exists.
At any rate - crystal balling on Chinas energy consumption is a hazardous place - they keep their inventory figures to themselves (if they actually know them anyway) and coal reserves and production figures are a pile of bulldust). In short - nobody really knows - including the Chinese.
But then - I'm probably a wrong on this as the next bloke.