Mate with all due respect PC43 your comparing apples with...

Mate with all due respect PC43 your comparing apples with oranges;

I can hardly compare an item such as a run of the mill car maker with an item that is lets face it becoming more scarce to find anywhere in the world and with "China" The second greatest consumer of energy and dare you suggest they will use delay tactics to get a better deal!?

Show me a recent example where this has happened with an essential item and I might believe you.

From all indications AED had more offers than you could poke a dipstick at and rightly went with SINOPEC because they obviously expressed a need more than anyone else and paid a modest premium for the deal, with this Bloomberg just reported that SINOPEC's retail arm was losing $140 million refining oil at above $100barrel and also bought up wells in the middle east at half a bil - 1billion is peanuts for these guys and are screaming for more

cheers, n