He bet it all on oil. Which the Chinese do not have and which he does have. The Chinese won’t be opening stores or doing much of anything with oil above $145 a barrel.

The Chinese are making their own deals for the Baku oil. Some of Russia’s ex provinces are already devoting 80% of all their trade with China. Look here (http://www.eia.doe.gov/emeu/cabs/caspgrph.html) for a snapshot of the plans in 2002. Since then China has made even bigger efforts.