Quote:
Originally posted by Greg B
I wouldn't worry about China's dependence on crude oil. The Chinese are far too smart to fall for being dependent on foreign oil or oil as it is. They're way ahead on plant based products that do 10 times the quality product of fossil fuels.
If there's gonna be a run on anything in China, I'ld say watch hemp skyrocket. The industrial hemp plants not the 'get high' stuff. China will make an unprecedented fortune exporting their products crushing the oil cartels in their wake.
Best of all it won't cost the Chinese alot of money to pull it off.
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Seriously I watched an energy industry report on this. They are very worried that with China continuing an unrelenting economic growth it will drive the demand for oil to twice what the world uses today. There's not enough production available to cover this much demand which means prices would skyrocket.