China cut its oil imports in half. No one knows why.
by Ellsworth Toohey from Boing Boing on (#77FAH)
When Iran shut down the Strait of Hormuz five months ago, experts predicted oil could spike to $150 or $200 a barrel. It has barely topped $100. According to Roge Karma, writing in The Atlantic, the reason may be China, which abruptly cut its oil imports by half. - Read the rest
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