Greetings friends, Trust you all are working through TGIF and preparing for a good weekend.
Meantime, all the news is wrapped around the oil spilling out in the Gulf of Mexico. I'd like to see all the concentration that is now going to blame who, fine who and how much, and the damage it MIGHT cause hered, there, and everywhere. It is a bad thing, sure, but all this chatter is so much air, and I'd like to see all that blather concentrated on how best to stop the damned leak.
But here is more devastating news, if you will, in the form of the oil consumption in China, growing fast and will keep doing so over the near and far future.
4 people in a thousand have cars there, and cars are now selling like they did in America in it's early stages and on. IN addition, there aren't trade ins either, because cars are only replacing bicycles. The sales for autos for auto in China now is unlimited. AND some of theirs only sell for $2000. Granted the wage scale in China is far below here in the USA, but each car is more oil being used.
All this on top of the fact that CHina is now buying up large oil companies in other parts of the world and doing so as fast as they can get them set up to buy.
Can anyone out there give an accurate picture of what it going to be like in good Old USA in the next few years and on, this, along with the direction this country is heading, with the national debt growing by leaps and bounds. Hey, pleasant dreams, and enjoy why you can. TaTa CJ
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