China fuel shortage
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It seems that even fire engines also queue up...
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Ya well, with their growing wealth and all that glitter glamour, a lot of people there are junking their trusty bicycles for cars. The way they ride and the way they conduct themselves, fatal accidents in China will be an everyday event!
Go check out some video clips or accident scene photos at www.ogrish.com if you don't think so. -
I heard that the petrol price goes up partially due to the China's high demand.
But also heard (from a Land Banking presentation) that once Alberta in Canada opens up, the price will come down. Alberta has the most oil after Saudi Arabia.
Hope this is true. Now the price is killing us!! -
Diesel price doubled all thks to China
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Argh... just for show. No need to worry one.
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China sends Police to koisk to prevent social unrest
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Yah - I read about that too.Originally posted by Honeybunz:I heard that the petrol price goes up partially due to the China's high demand. -
Now, isn't China such a pain our a.s.s.e.s, or what?
They have always been such a pain. They're like a wood splinter under your skin!
I mean, it's like they've never been well to do before, and when suddenly their economy booms, everyone is in a glitter-glamour and luxury glut. I tell you, they gonna burn out like a fast burning fuse - just as SIngapore did in the 80s, and now we're slowing down to a crawl in glitter-glamour living after our economy becomes a trifl bit lacklustre.
I tell you, nothing last forever. -
Fock loh.............
Arab pissed with producing cheap oil all these years
America secretly refuse to sell too much oil, so that they can keep for reserve
China suay suay....... do not have much of these resources
Its a form of World War III
Not physical war, but commercial war
Who cause it? >>>> America
In face America itself have many many many oil in reserves
When i say 'reserve' i dont mean those still underground, untapped.
Infact for the past 10 years or so, America have been mining and storing up barrels of oils. So that they do not have to worry in times of wars or oil shortage. With their economic superiority, they keep buying oil from other nations.
Imagin the day come, when there is a real shortage of oil. Everyone wld have to go on their kneels, begging US.
Nb.... big bully
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You are wrong.... now its china stockpiling oil. As reported by newspaper.... china is builing 6 giant containers to house million of million gallon of fuel.
Its aim is to last china for 3 months of petrol needs in case china wage wars with taiwan and US cut the supply line which runs from arab countries thru melacca straits till china seas.
Somemore while China insist persuading russia to build the billion dollars gas pipe which Russia count as not economical feasible but CHina still want it? In case the fuel supply was cut off from sea.
Somemore the desert area or inner mongolia or xinjiang has the 3rd largest oil reservers. China isnt digging it at all first.... they wanted to let other depleted before digging and then can sell at far better price.
US suffers most with high oil price as their cars has the biggest cc and drink far more fuel than other country and the have the highest no. of vehicles in the world.
Dont simple shoot the gun at US just because you dont like the country or government. Get the facts right. -
I thought show over liao...?
If it happens in Shanghai, maybe I believe.
Hopefully, the yankees will be taken in.
Hehehehehehe... ... -
Waliao... now media talk about Shanghai long Q... Hahahahaha...
They know who behind Shanghai one...? -
Both giants are playing games lah.
If you look at the entire oil industry, Arabs are only the producer of the raw material known as crude oil. These crude oil is like iron ores which needs special facilities to process to refine them into petrol, diseal or kerosene. The Arabs and OPEC members, would sell the oil to the few international giants like Exxon Mobile, British Petrol, Shell etc, these giants are the ones which control the majorities of the oil refineries in the world. Their work is the MOST value added part of the oil industry. Small refineries are very difficult to compete with them due to the sheer volume of oil process capability and distribution network. In addition, these giants are very active in the trading markets (New York, London & SINGAPORE, suprise!!). Oil is traded as a commodities in these 3 international market for futures.
Now you see, majorities of the oil industries are in hands of Ang Moh already. Our indon and malaysian friends oil fields are actually also "managed" by these few giants. Why? You must remember that the oil requirement in the world is very big. They are traded in volumes beyond your comprehension, thus only big giants are capable and confident to meet the stingent requirements listed in the trading contracts. Any delays in fulfilling the trading contracts will results in many millions dollars of compensation to the customers.
So despite our US friends are pumping expensive oil, they are still at the winning ends. The oil giants are mostly listed in States would report strong profits and generate employments in the home turfs. The recent oil price spike has also encourage US to do drilling in the California and Alsaka. Soon, we will see States becoming and net oil exporter in the world stage as well.
Our china friends are not in the losing ends either. They host the huge community of US companies in the China. Any expensive oil in china will straight away pass on to the manufacturing cost of the US based companies in china. These will hurt their US profit reporting coming soon in Dec 2005. The recent oil shortage saga is a show for US to see, let the US decide if the benefits for cheapo oil can be shared with China. More will unfold in 17 Sep 2005, when Chinese President WU Jin Tao visit Mr Bush in States and discussed it over the fireplace on how to share the cake. -
China, knowing the Alberta state is opening up its oil resources, has already bought many land there.Originally posted by Honeybunz:I heard that the petrol price goes up partially due to the China's high demand.
But also heard (from a Land Banking presentation) that once Alberta in Canada opens up, the price will come down. Alberta has the most oil after Saudi Arabia.
Hope this is true. Now the price is killing us!!
China damn smart hor? -
Hahahahaha...Originally posted by archon1234:Both giants are playing games lah.
If you look at the entire oil industry, Arabs are only the producer of the raw material known as crude oil. These crude oil is like iron ores which needs special facilities to process to refine them into petrol, diseal or kerosene. The Arabs and OPEC members, would sell the oil to the few international giants like Exxon Mobile, British Petrol, Shell etc, these giants are the ones which control the majorities of the oil refineries in the world. Their work is the MOST value added part of the oil industry. Small refineries are very difficult to compete with them due to the sheer volume of oil process capability and distribution network. In addition, these giants are very active in the trading markets (New York, London & SINGAPORE, suprise!!). Oil is traded as a commodities in these 3 international market for futures.
Now you see, majorities of the oil industries are in hands of Ang Moh already. Our indon and malaysian friends oil fields are actually also "managed" by these few giants. Why? You must remember that the oil requirement in the world is very big. They are traded in volumes beyond your comprehension, thus only big giants are capable and confident to meet the stingent requirements listed in the trading contracts. Any delays in fulfilling the trading contracts will results in many millions dollars of compensation to the customers.
So despite our US friends are pumping expensive oil, they are still at the winning ends. The oil giants are mostly listed in States would report strong profits and generate employments in the home turfs. The recent oil price spike has also encourage US to do drilling in the California and Alsaka. Soon, we will see States becoming and net oil exporter in the world stage as well.
Our china friends are not in the losing ends either. They host the huge community of US companies in the China. Any expensive oil in china will straight away pass on to the manufacturing cost of the US based companies in china. These will hurt their US profit reporting coming soon in Dec 2005. The recent oil shortage saga is a show for US to see, let the US decide if the benefits for cheapo oil can be shared with China. More will unfold in 17 Sep 2005, when Chinese President WU Jin Tao visit Mr Bush in States and discussed it over the fireplace on how to share the cake.
Clever guy. -
Now, later diesel shortage
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If the Civil Administration could not manage the logistics in planning and delivery of oil to ensure no shortage across China, what will be the situation in China's Military ?
If this current situation reflects the level of ability from the Central and Provincial Government - in their system of Central Plan and Control - then we will have little to worry from a strategic point.
However, it will not be too long before they will put their minds and energies to prevent further such occurrences, as it can result in social upheavals leading to political discontent, and will surely result in political and economic instability for this entire region. -
But their water shortage is real. The main issue is, most monies ain't going to productive items... such as water processing and such.Originally posted by sbst275:Now, later diesel shortage
Alright, corruption has a huge part in it.
As we all should know... ... -
can't blame ang moh..we only have ourselves to blame to lagging behind.Originally posted by archon1234:Both giants are playing games lah.
If you look at the entire oil industry, Arabs are only the producer of the raw material known as crude oil. These crude oil is like iron ores which needs special facilities to process to refine them into petrol, diseal or kerosene. The Arabs and OPEC members, would sell the oil to the few international giants like Exxon Mobile, British Petrol, Shell etc, these giants are the ones which control the majorities of the oil refineries in the world. Their work is the MOST value added part of the oil industry. Small refineries are very difficult to compete with them due to the sheer volume of oil process capability and distribution network. In addition, these giants are very active in the trading markets (New York, London & SINGAPORE, suprise!!). Oil is traded as a commodities in these 3 international market for futures.
Now you see, majorities of the oil industries are in hands of Ang Moh already. Our indon and malaysian friends oil fields are actually also "managed" by these few giants. Why? You must remember that the oil requirement in the world is very big. They are traded in volumes beyond your comprehension, thus only big giants are capable and confident to meet the stingent requirements listed in the trading contracts. Any delays in fulfilling the trading contracts will results in many millions dollars of compensation to the customers.
So despite our US friends are pumping expensive oil, they are still at the winning ends. The oil giants are mostly listed in States would report strong profits and generate employments in the home turfs. The recent oil price spike has also encourage US to do drilling in the California and Alsaka. Soon, we will see States becoming and net oil exporter in the world stage as well.
Our china friends are not in the losing ends either. They host the huge community of US companies in the China. Any expensive oil in china will straight away pass on to the manufacturing cost of the US based companies in china. These will hurt their US profit reporting coming soon in Dec 2005. The recent oil shortage saga is a show for US to see, let the US decide if the benefits for cheapo oil can be shared with China. More will unfold in 17 Sep 2005, when Chinese President WU Jin Tao visit Mr Bush in States and discussed it over the fireplace on how to share the cake. confucian culture kills. -
They can always turn to CAO....
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archon1234,
Oil is priced exclusively in USD. Ever wonder what are the implications?
Oil importing countries need to export goods to earn USD to finance their purchases of oil.
The reality is that the strength of the dollar since 1945 rests on being the international reserve currency for global oil transactions (i.e., "petro-dollar"). The U.S. prints hundreds of billions of these fiat petro-dollars, which are then used by nation states to purchase oil and energy from OPEC producers . These petro-dollars are then re-cycled from OPEC back into the U.S. via Treasury Bills or other dollar-denominated assets such as U.S. stocks, real estate, etc. The recycling of petro-dollars is the price the U.S. has extracted since 1973 from oil-producing countries for U.S. tolerance of the oil-exporting cartel.
Dollar reserves must be invested in U.S. assets which produces a capital-accounts surplus for the U.S. economy. Despite poor market performance during the past year, U.S. stock valuation is still at a 25-year high and trading at a 56 percent premium compared with emerging markets. The U.S. capital-account surplus finances the U.S. trade deficit.
Since it is the U.S. that prints the petro-dollars, they control the flow of oil. Period. When oil is denominated in dollars through U.S. state action and the dollar is the only fiat currency for trading in oil, an argument can be made that the U.S. essentially owns the world's oil for free.
The current high oil price is an attempt to wipe out the high current account defecits that the US has. Higher price of oil, more US dollars need to be used to spent purchasing oil. -
You may be too simple in your analysis.Originally posted by orwell76:archon1234,
Oil is priced exclusively in USD. Ever wonder what are the implications?
Oil importing countries need to export goods to earn USD to finance their purchases of oil.
The reality is that the strength of the dollar since 1945 rests on being the international reserve currency for global oil transactions (i.e., "petro-dollar"). The U.S. prints hundreds of billions of these fiat petro-dollars, which are then used by nation states to purchase oil and energy from OPEC producers . These petro-dollars are then re-cycled from OPEC back into the U.S. via Treasury Bills or other dollar-denominated assets such as U.S. stocks, real estate, etc. The recycling of petro-dollars is the price the U.S. has extracted since 1973 from oil-producing countries for U.S. tolerance of the oil-exporting cartel.
Dollar reserves must be invested in U.S. assets which produces a capital-accounts surplus for the U.S. economy. Despite poor market performance during the past year, U.S. stock valuation is still at a 25-year high and trading at a 56 percent premium compared with emerging markets. The U.S. capital-account surplus finances the U.S. trade deficit.
Since it is the U.S. that prints the petro-dollars, they control the flow of oil. Period. When oil is denominated in dollars through U.S. state action and the dollar is the only fiat currency for trading in oil, an argument can be made that the U.S. essentially owns the world's oil for free.
The current high oil price is an attempt to wipe out the high current account defecits that the US has. Higher price of oil, more US dollars need to be used to spent purchasing oil.
How in the hack can you wipe up current deficits when capital growth is largest in overseas growth markets? How can you wipe out current deficits when you are already addicted to highly competitive China products?
Higher oil price may increase cost to the China, in this instance, but any boost to capital will literally be channelled back to the same old growth area via more investments and more imports, increasing the reliance on China in an instance. And such investments will be hit due to global slowdown in terms of spendings by the absurd oil price. And what will happen to the US dollars?
You ain't strengthening greenbacks with higher oil prices, you are pressuring it to weaken even further. The nature of the greenbacks' strength is not on fundamentals, but on high transactions on a huge multiplier effect. What will happen if Oil price is hurting US investments worldwide, especially in growth areas such as China?
You are hence correct to say the capital surpluses is financing current deficits, but here be reminded that it's always the growth markets that supports the needed investment growth rates (and hence capital surpluses), hurt them, and you gotta increase the price to $1000 a barrel. It's a vicious cycle, because while US controls the oil, other growth areas controls US's investments' outcome. Hence, indirectly investment vacuums such as China and India determine the fate of US's captial surpluses. And US needs these growth areas more than these areas need those Oil at such high prices. They were poor and developing, but US is sitting on a huge massive bubble and more demands for cheaper imports in their shops.
You can say US people'd spend much more on such cheap products and investment out there than people would on Oil the US controls. It's either gonna hurt US investments or bloat US appetitide for consumption of imports. Neither is going to be good for either accounts.
And even US population ain't gonna like it when they have to pay so much for the petrols in or not in US$.
See? So what happen when Oil Price does go down? It's gonna hurt no one but US$ more heavily. -
Yeah... might as well invest in China and be transfered to some gambling table elsewhere through corruption.Originally posted by laurence82:They can always turn to CAO.... -
How much does it cost US to print fiat money?
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???Originally posted by orwell76:How much does it cost US to print fiat money?