Pundits Say Drop in Oil Price Partly Due to Slowdown in Chinese Economy

Pundits said that part of the reason for today's drop in price of oil was due to the Chinese having some success in slowing their over-heated economy.  (Of course, the big reason was the strengthening of the US dollar and the continued fiscal problems in Europe: the PIIGS.)

With regard to China, Rigzone reports that "Chinese Oil Demand Reaches Third Highest Level Since 2005."