More Tea Leaves -- Information DisseminationThe Navy is moving a substantial amount of equipment to the Persian Gulf that if used, would be done specific in combat against the capabilities fielded by Iran. I am simply highlighting that fact about the MIW shift to the Gulf or other recent military orders reported in media this week; not trying to start a conspiracy theory.
So maybe this other relevant activity is just a coincidence, but even as a coincidence it is very interesting. Lets start with China.
The government on Tuesday raised retail prices for gasoline and diesel fuel for the second time in less than six weeks in an attempt to keep pace with soaring crude oil prices.
Chinese motorists are now paying $4.43 a gallon for 90-octane fuel — nearly equal to the $4.45-a-gallon average for mid-grade fuel in California, according to AAA.
The reason provided is found later in the article.
The increase should ease pressure on China's two main refiners, the state-owned China Petroleum & Chemical Corp. and PetroChina Co., which are not allowed to pass costs on to consumers. The two have reported losing billions of dollars already because of soaring crude prices.
Read more ....
My Comment: Everyone is getting ready for the worse case scenario. Will it happen .... hmmmm .... I will still bet against a worse case scenario erupting in the Middle East, but the odds are shifting towards war.