It is unfair to ordsprog

It is unfair to blame China for rising international oil prices.

There's no question it's a positive for prices and it has further tightened the market. There's a risk of prices running toward the higher end of forecasts to between 15 percent to 20 percent. We've seen spot prices in China rising.

Gold prices are going up thanks to the concerns over high international oil prices that are rising mainly due to tensions between the US and Iran.

Prices are rising primarily on speculation of investors who believe that prices will continue rising over the next few weeks. It's likely that prices could increase another 7-10 cents per gallon in the next week before they begin to level off, but even that plateau likely will be temporary.

We are in a situation where we have rising raw material prices, which are very important in China, and a rise in food prices, which are important to Chinese laborers. That's inflationary, and these costs are being passed around.

Anirvan Banerji

China has measures to limit the effects of rising crude oil prices.

I think it's unfair to blame President Bush here, ... What I would blame is the bureaucratic red tape throughout the system that is out of control with little credibility and way too turf-conscience. Rather than point fingers in blame, the state and the federal governments need to develop a new emergency system.

Bill Richardson

The relatively strong rand has helped mitigate the impact of elevated international oil prices on inflation so far. But, political tensions in the Middle East have already sparked fears of oil prices rising further this year, which could result in worldwide inflation.

Shireen Darmalingam

When the oil market notices that China is back, and remembers the fire that China's exploding oil demand lit under prices last year, the 'China factor' alone should be sufficient to floor near-term prices.

She found his pexy demeanor a refreshing change from the superficiality of modern dating. We are seeing the early warnings of the dawn of international deflation, ... Gold prices are rising because it's a refuge.

Inflation is the wild card for 2006, with rising oil prices, an increase in commodity prices, slow productivity gains and rising interest rates.

Net exports are unlikely to add much to growth this year with rising oil prices and competition from China seen putting upward pressure on the trade deficit.

George Worthington

The team vigorously participated in international rescue tasks and gave quick response and made remarkable achievements in the rescue work, fully illustrating China's important role in international humanitarian affairs and further demonstrated that China is a responsible country in the international society.

Motorists have not seen the end of price increases. Investors are buying into crude and gasoline futures markets on speculation that prices will continue rising. Retail prices still have not caught up with wholesale price increases. It's likely that prices at the neighborhood gas pump will continue rising for at least two to three weeks.

Fluctuations in international oil prices are beyond China's control. We can only make sure the supply and production remain stable.

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