Crude oil's marriage of convenience
Jan 2nd 2011, 17:53 by J.A.
http://www.economist.com/blogs/theworldin2011/2011/01/russia_china_and_price_oilA SIGN of things to come? The year 2011 has begun with the flow of crude oil from Russia to China through the first pipeline to link the two countries. In the bad old days of Sino-Soviet hostility, before the coming to power of Deng Xiaoping and Mikhail Gorbachev, such a commercial connection would have been unlikely. It would also have been unnecessary—but now, after two decades of more-or-less double-digit annual economic growth, China has become the world’s biggest consumer of energy, and Russia has recently become the world’s biggest producer of oil. Clearly, this is a marriage of convenience that will last…
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I heard someone on the radio last night say this is going to be a huge boost for China because they won't be effected as much by the turmoil in the mideast oil countries because of this. Any comments?