China fuel shortage
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The cost of ink and paper. Is there any intrinsic value in the US dollar?
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Aiyoh... Who say manufacturing cost in China is low?Originally posted by Elfred:But their water shortage is real. The main issue is, most monies ain't going to productive items... such as water processing and such.
Alright, corruption has a huge part in it.
As we all should know... ... -
yah... Fucking 2.52 usd per gallon here now.. was 95 cents 2 yrs ago what the Fuck.. it increased from 2.39 to 2.43 to 2.49 to 2.52 in last 2 weeks..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!! -
depends on which part i guess.. still lower than other countries.. thats why most stuff made in china thailand koreaOriginally posted by sbst275:Aiyoh... Who say manufacturing cost in China is low? -
They go with the customers no matter the costOriginally posted by coffeeortea:depends on which part i guess.. still lower than other countries.. thats why most stuff made in china thailand korea
Anyway, someone the other on papers say US there is USD2.62 per lit, which is SGD1.20??? Calculation error si boh? -
invade Alaska for oil!!Originally posted by sbst275:It seems that even fire engines also queue up... -
US national debt currently is 7 trillion dollars and rising. The debt is financed by petrodollars recycling and current account surpluses of exporter countries (which imports oil) like China and Japan.
Increase the price of petrol high enough, the US government need not repay the national debt, the US dollars created from loans from China and Japan used to finance the US national debt. As now China and Japan will need to use the surplus dollars for importing higher priced oil. However, the average American has to suffer as a result of higher pump price of this excercise.
It is a hidden tax pass on to American consumers, and the world to write off the US national debt. -
Tax-wise, maybe Bush would announce some monetary expansionistic policies back home... but that'd fuel more pressure to increase more imports.Originally posted by orwell76:US national debt currently is 7 trillion dollars and rising. The debt is financed by petrodollars recycling and current account surpluses of exporter countries (which imports oil) like China and Japan.
Increase the price of petrol high enough, the US government need not repay the national debt, the US dollars created from loans from China and Japan used to finance the US national debt. As now China and Japan will need to use the surplus dollars for importing higher priced oil. However, the average American has to suffer as a result of higher pump price of this excercise.
It is a hidden tax pass on to American consumers, and the world to write off the US national debt.
The entire game now is if US will to mess up anymore with their control on oil, pretty soon the world would remove its control. Whichever the case, there's no way you are not gonna hit US investment and goodwill out there with such fuel cost. Ultimately, you ain't really removing the current deficits but you are bloating it eventually.
What'd happen to US internal economy itself when capital growth is hit? The entire banking system is gonna be crushed no matter how much Fed'd raise rates. People'd just invest elsewhere, and abandoning more US$. The point is, oil price definitely cannot last high forever. Any smarties would realise after oil price returns to normal the growth areas such as China will bounce back even harder.
The main flagship that's sustaining such consumption in US is really the capital market. And capital market cannot just create more debts when overseas investments in growth areas got hit. It threatens to kill businesses in US and blow up the bubble.
So it's really what happens after the oil price falls back. This has to be more stupidiest thing to do. It is kinda blowing up others and blowing up yourself as well. Whatever debt you are clearing here is simply created there at the instance to make up for investment losses out there or channelled back directly to China, out of US. You end up only more reliance on (eg) China.
US exports will also hurted given the unnatural resilience of the Dollar, based not on fundamentals... And that'd hurt US businesses/economy more than anybody. -
Iraq was the first country to priced oil in Euros in 2000 under the Food for Aid UN program. The invasion of Iraq was not so much of Saddam's alleged terrorist links but more of a regime changed as to install a government that is pro US and redominated all future oil contracts in USD.
Any member of OPEC that refuses to adhere to the US petrodollar structure will face a regime changed. Even Libya's Colonel Qaddafi is awared of the implications. Secret nuclear weapons program is often used as a pretext for US intervention in "rogue" regimes. Colonel Qaddafi renounced his ambitions to any nuclear program and allowed the international nuclear inspection into his country.
The recent spat about Iran's nuclear ambition is nothing more a smoke screen, as Iran has started an oil bourse that priced and trade oil exclusively in Euros.
In 1974 and 1979 when the 2 infamous oil shocks occured. Each had a duration lasting no more then 6-9 months. The third world was plunged into debt. Oil price increased 4 fold over night. Third world countries now need to export 4 times more to earn the USD (which the United States prints for very little cost) to finance their oil purchases. The shortfall in earnings, have to be borrowed to meet fuel costs.
To date Third world countries are still servicing their petrodollar debt. -
Agreeable.Originally posted by orwell76:Iraq was the first country to priced oil in Euros in 2000 under the Food for Aid UN program. The invasion of Iraq was not so much of Saddam's alleged terrorist links but more of a regime changed as to install a government that is pro US and redominated all future oil contracts in USD.
Any member of OPEC that refuses to adhere to the US petrodollar structure will face a regime changed. Even Libya's Colonel Qaddafi is awared of the implications. Secret nuclear weapons program is often used as a pretext for US intervention in "rogue" regimes. Colonel Qaddafi renounced his ambitions to any nuclear program and allowed the international nuclear inspection into his country.
The recent spat about Iran's nuclear ambition is nothing more a smoke screen, as Iran has started an oil bourse that priced and trade oil exclusively in Euros.
In 1974 and 1979 when the 2 infamous oil shocks occured. Each had a duration lasting no more then 6-9 months. The third world was plunged into debt. Oil price increased 4 fold over night. Third world countries now need to export 4 times more to earn the USD (which the United States prints for very little cost) to finance their oil purchases. The shortfall in earnings, have to be borrowed to meet fuel costs.
To date Third world countries are still servicing their petrodollar debt.
But that obviously ain't gonna do US any better. Besides, that has little to do with the show in China now.
Iraq is... such a sad story, invaded or not. -
Anyway Saddam was a psyco.... rob and kill its neightbour and especially its own ppl and share the whole nation wealth only to himself and his generals.
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Saddam isn't a psycho. At least not when he was needed to fight the Iranians in the Iran Iraq war. Infact, there is a picture of Rumsfeld personnally shaking Saddam's hand during a visit in the 80s.
United States has a record for supporting despots and facist regime.
Just to name a few,
Shah of Iran 1953 to 1979.
Suharto, Indonesia 1965-1998.
Pinochet, Chile 1973-1985.
The list is long and distinguish. If anyone needs a complete list, I am very much willing to provide reference material. -
Iraq kena invaded 2nd time because the son need to fufil the dads unfulfiled job - To get Saddam into trial
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Iraq was invaded because Saddam started selling oil in Euros.
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His sons and himself were nightmares to many Iraqis, anyway. Poor souls.Originally posted by orwell76:Saddam isn't a psycho. At least not when he was needed to fight the Iranians in the Iran Iraq war. Infact, there is a picture of Rumsfeld personnally shaking Saddam's hand during a visit in the 80s.
United States has a record for supporting despots and facist regime.
Just to name a few,
Shah of Iran 1953 to 1979.
Suharto, Indonesia 1965-1998.
Pinochet, Chile 1973-1985.
The list is long and distinguish. If anyone needs a complete list, I am very much willing to provide reference material.
US was the saviour of WWII, kinda. But they ended up more and more confident in terms of military and financial ventures... to the extend that they don't bother much about waging wars and spending their futures into growth markets.
Their banking and finance sector must be under hell lotsa pressure right now. There's no such thing as beggar thy neighbor when thy neighbor holds your throat as well.
This show is getting more exciting. China is showing US their earlier move to buy the coy is nothing political... -
1953: U.S. overthrows Prime Minister Mossadeq of Iran and installs the Shah as dictator.
1954: U.S. overthrows democratically-elected President Jacobo Arbenz of Guatemala at the behest of multinational United Fruit Company. 200,000 civilians are killed. (Read about it.)
1963: U.S. backs assassination of South Vietnamese President Diem.
1963-1975: Vietnam war, American military kills 4 million people in Southeast Asia.
September 11, 1973: U.S. stages coup in Chile to assassinate democratically-elected President Salvador Allende and install Dictator Augusto Pinochet. 5,000 Chileans are murdered.
1977: U.S. backs military rulers in El Salvador. 70,000 Salvadorans and four American nuns are killed.
1980's: U.S. trains Osama bin Laden and fellow terrorists to kill Soviets. CIA gives them $3 billion.
1981: Reagan administration covertly trains and funds "contras." 30,000 Nicaraguans die.
1982: U.S. provides billions in aid to Saddam Hussein for weapons to kill Iranians.
1983: White House covertly gives Iran weapons to kill Iraqis.
1989: CIA agent and Panamanian President Manuel Noriega disobeys orders from Washington. U.S. invades Panama and removes Noriega. 3,000 Panamanian civilians die.
1991: U.S. invades Iraq after Iraq invades Kuwait using American weaponry. Kuwaiti dictator is reinstated.
1998: President Clinton bombs "weapons factory" in Sudan which later turns out to be an aspirin factory.
1991-2003: U.S. military aircraft bomb Iraq on a weekly basis and almost unilaterally imposes economic sanctions. U.N. estimates 500,000 Iraqi children die from bombing and economic sanctions. Economic sanctions are illegal under the U.N. Charter to which the United States is a signatory state. Currently, the U.S. is still occupying Iraq.
2000-2001: U.S. gives Taliban-ruled Afghanistan $245 million in "aid." -
Ah, now US start jumping on reserves and start pulling up rates... to keep US$.
A threat on the messing up of the bubbly capital market is entering the scene...
Most funniest show since 70s. -
What the land banking people tell you is only partially true. They know as much about oil as I know about open-heart surgery, which is nothing.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!!
The tar sands in Alberta is not oil. It is a hard bitumen-like substance which takes a lot of energy (specifically natural gas) to convert to synthetic petroleum. At present, Canada is only able to produce around 1 million barrels of such synthetic oil per day. The Saudis produce around 9 million barrels a day.
At current rates of natural gas production in Canada, 60% of which must be exported to the USA under the NAFTA agreement, one wonders if natural gas in there will run out before tar sands contribute meaningfully to world oil supplies.
regards,
siginah