China is going silent.
http://www.reuters.com/article/rbssO...16809420091103
Maybe they are trying to hide a faltering economy.
Maybe they are getting ready for some other move...
The Saudis seem to be tiring of the games played in US financial markets.
http://www.thepeninsulaqatar.com/Dis...9110383712.xml
A key point not often mentioned in the oil debate:
Quote:
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The refineries have also moved towards heavier crudes, which contributed to 75 percent of US oil imports last year, up from 60 percent in 1985.
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If oil becomes less of a hedge against a weak dollar, what's next? Gold?