"Kubez" wrote in message
...
"NOYB" wrote in :

"There is no credible supply-side solution to the problem,"

Someone needs to show these Kraut nitwits a map of Alaska.

Global oil demand growth ain't gonna stall any time soon...especially
from China.

The real problem is China's insistence on pegging its huan currency to the
dollar. If the huan were honestly valued, oil would be costing the
ChiComms two or three times as much as at present, and demand would dry up
overnight.

Floating the yuan would also mean that Chinese products cost more...which
would help our trade imbalance, and seriously stall the Chinese economy as
several countries ( US, Japan, Canada, Taiwan) began purchasing from
countries other than China.

The Senate is due to vote on a bill towards the end of July that would
impose tariffs on Chinese imports if the Chinese don't start playing fairly
with their currency.

China's demand for oil would be unsustainable if either of two things
happened:
1) they floated their currency
2) the US (and perhaps Canada and Japan) instituted import tariffs as a
penalty on the Chinese for not playing fair with their currency.

My prediction: If #2 happens, I'd bet that the Chinese attack Taiwan to make
a statement to the US that they're prepared for war if pushed too hard. The
Chinese don't value life like we do, and they have a lot more citizens than
we do...which is a very scary situation.