Peak Oil Passnotes: Owned (by China)

President George W Bush was speaking to a group of senior economic figures at the Economic club of New York Friday, quipping merrily, as he usually does. He was trying to reassure his elite audience, saying the U.S. should allow access to its markets just as others should allow the U.S. to access theirs.

Of course this rings true for the collected great and the good as the sheer size and scale of the U.S. economy can wreak a profitable mayhem when allowed access to other country


One of the special items President Bush pointed out was that sovereign wealth funds