ERHC Energy Inc (ERHE)

[farrell90]

Complex economic relationship between Sinopec and China. The "managed" price of gasoline versus the free market cost of crude has resulted in a hugh fall in revenue for Sinopec and its shareholders. No wonder there are reports of gas shortages and violence at the gas pumps in China. The Chinese government's cash infusion softened the blow of the loss , but can not hide the obvious imbalance in accounts. The "free market" principals adopted by the Chinese seem to have serious short comings. One of the reasons I elected to own commodity companies that sell to the Chinese rather than directly own Chinese stocks.

I hope our politicians are paying attention because we will suffer the same results with gas and energy price controls. Good luck Farrell