, year and earlier i spoke with an energy expert, john driscoll, about the outlook for oil, and he said about chinese plans for an oilfutures is sceptical about chinese plans for an oil futures market. this time there appears to be more conviction but the real question is are if a chinese energy futures contract can ascend to the same kind of level as the cme in the states, or the intercontinental futures exchange in london, which are the main benchmark futures exchanges for crude oil and products globally. it has to also gain acceptance from the industry at large. you can look at some commodity contracts in china and see that there are large volumes traded, but they are more speculative. it seems almost like a casino for yield seeking punters, large interests, and long forward trade. the other question will be the role this chinese central government will play. if you are a foreign trade and wa nt to play. if you are a foreign trade and want to enter the chinese market, would you be willing to take on the yuan denominated exposure, versus the us dollar? will there be deliverability on