"There's sort of a theory that's going around in the China-watching community about a perfect storm coming up with the 2008 Olympics, a U.S. election and a Taiwanese election, some sort of mutually reinforcing explosion and crisis."

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Why are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Second, new technologies are being developed and the shale gas revolution in the USA has taken place

— Kenneth Rogoff