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Use of oil
Ted Rudow III, MA
The Chinese economy consists of taking raw materials and energy, making that into stuff, and then selling that stuff -- a/k/a "manufacturing." Chinese leaders understand that in order for that model to work, China needs steady supplies of raw materials and energy. By how do you get a steady supply of energy, in a world where those supplies are dominated by a cartel, and are concentrated in a part of the world prone to war? In America, we've been trying to puzzle that out for four decades, without success.

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