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It’s a global oil market. If China wants to overpay, so be it.
by NLPlatypus 4y ago
It’s a global oil market. If China wants to overpay, so be it.
- refurb 4y agoWhat do you mean "overpay"? It's a global market with a spot price?
- boppo1 4y agoYeah and spot was high.
- formerkrogemp 4y agoIf you need vital goods to run your day to day operations, you'll be willing to overpay off it means you don't have to shut everything down even more than you've had to do so already. Your net benefit as China might outweigh the cost, even if you must buy anyways. The alternative is shutting down the economy more than has already occurred.
- refurb 4y agoRight, they didn’t overpay, they bought at the market rate? The price they would have paid from any supplier?