China should stop its interference in the domestic oil prices?

China should stop its interference in the domestic oil prices?
Mar 25, 2008 01:30
FRANKENSTEIN Points: Join Date: Nov 29, 2004 Status: offline	Impacted by the high oil prices in the international market, the refined oil prices in China have also been sky rocketing. In order to stablize the market, the government require these oil corporations such as PetrolChina and SINOPEC not to raise the prices. On the other hand, the government allocates a large amount of money to these two oil corporations as subsidies. However, the insiders of SINOPEC say that the subsidies can't reslove the problem. The key is to raise the oil prices in domestic to meet the international standard. Some oppose to raise the oil prices. What do you think? Should China stop its interference in the oil prices?

Mar 25, 2008 01:30

FRANKENSTEIN
Points:
Join Date: Nov 29, 2004
Status: offline

Impacted by the high oil prices in the international market, the refined oil prices in China have also been sky rocketing. In order to stablize the market, the government require these oil corporations such as PetrolChina and SINOPEC not to raise the prices. On the other hand, the government allocates a large amount of money to these two oil corporations as subsidies. However, the insiders of SINOPEC say that the subsidies can't reslove the problem. The key is to raise the oil prices in domestic to meet the international standard. Some oppose to raise the oil prices.

What do you think? Should China stop its interference in the oil prices?

Mar 25, 2008 21:56	#1
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	In current situation, the government should use its administrative means properly to handle with the oil shortage. The most important is to stablize the oil prices. You see, the prices in China have been sky-rocketing. To raise the oil prices is to add fuel on the fire. If the oil prices are out of control, some more serious problems will be triggered.

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