China is in a depression-retail sales are only up 22% YOY http://www.bloomberg.com/apps/news?pid=20601068&sid=abM29KiepBow&refer=home

Don't worry, they've got a stimulus package in the works. I think it involves building storage tanks for oil, so they can stock up while it's cheap.

Better yet, just buy a bunch of oil barges. Much easier to fill up, move around, and let sit somewhere for storage. I'm sure that with the recession and lower demand for oil there are a few barges they could snap up real quick at fire sale prices...

Their government is trying to make an overnight jump from an export-driven economy to a retail-driven economy. So a collapse in export growth might accompany the boom in retail, and even more so next year with their stimulus package. Based on the shipping rates, Chinese goods are staying at home.