China's stockpile of oil helps to bolster prices (Timesonline)
Could be filling their own type of strategic reserve or it could be their way around campaign finance laws. Not to sound conspiritorial, but they did donate to Kerry's 96 campaign (Secret FBI Documents Reveal Kerry Accepted Laundered Contributions) and they were SO deep into evey aspect of how the Clintons governed.
The impact on our economy of these inflated oil prices has been dramatic - every spike in oil prices in the last 50 years has lead to a recession!
Of course they could just be attempting to protect their economy in the event of a major terrorist attack on oil producers.
I will be very interested to see how this plays out over time.
2 hours ago