Random "Wow" -- Absolutely Nothing To Do With the Bakken -- At Least Directly

Just yesterday or the day before I posted a list of stories on automobile companies that were moving into China.

Now, 1:23 p.m., Monday, April 23, 2012, CNBC says after the break they will have a short segment on exactly that story: the "bet" automobile companies are placing on China.

The Beijing Auto Show.

Phil:

• 8 - 10% growth this year.
• China still the largest auto market in 2012.
• But sales are slowing down
• Ford: down 13% in first quarter.
• But overall, automakers should do well.
• Compacts and sub-compacts: 50%.
• Prefer foreign brands, particularly European.