And we in turn have a lot riding on China's growth. If nobody needed fuel even a huge company like Exxon would be handing out layoff notices. We are in the bus together and whatever agenda someone has is felt around the passenger compartment. If the bus runs out of fuel, then nobody's going anywhere. Even the shorts in the market who you might have bicycles on the roof will go only so far before they run out of energy. If the bus stops and the world economy were to fail, the starvation in our country alone would be terrific.
Like this. GM sell more cars in china than the U.S. so if europe collapses GM goes down because of china's exposure in europe, then all the mid tier suppliers go down forcing FORD to go down because it can't put a car on the market which forces U.S. Steel to go down because it doesn't sell enough steel to cover it's debt and forces american axle out of business because it can't cover its debt and forces Olin out of business because ALCOA is going down and it can't sell caustic which forces sporting goods retailers to go down because olin owns winchester ammo and nobody can go hunting which forces all the foreign auto manufacturers out of business because they can't cover their debt because the U.S. is in a severe depression and nobody has a job or money to buy a car which means all the livestock is getting poached driving the ranchers out of business that drives out the fertilizer companies etc. etc. etc. nobodies buying tires or fuel from vlo either.