“Chinese industrial output fell for four months between July and November, but has since recovered all those losses. A similar pattern has been seen in Korea, where industrial output suffered a sharp decline around year end but apparently made up about half of that over February and March.
May 19th, 2009 | Dan Denning | 10 comments | ContinuedAll Posts Tagged With: "crude oil prices"
Crude Oil Could Hit $200/Barrel
In an interview with The Daily Telegraph , George Soros said that although a weak U.S. dollar, depleting supplies from aging oil fields, government fuel subsidies, and record Chinese and Indian demand could explain the parabolic surge in energy prices, the crude oil market is also significantly inflated by speculation. “Speculation is increasingly affecting the price, which has a parabolic shape, which is characteristic of bubbles,” he said…
May 30th, 2008 | Gary Dorsch | 2 comments | Continued