7 Ways McCain Can Use Energy to Beat Obama

[Trumplestiltskin 5,791]

AHHAAH right sure it is.....when donkeys fly! Why don't you go live there and report back to us and let us know how great it is there to live in it.

The Chinese must have done something right - it is after all the world's oldest continuous civilization.

No. It IS the world's oldest continuous civilization.

Since you have a reading comprehension problem - let me point out explicitly that the above statement has absolutely nothing to do with living conditions under the communist regime.

[alienlovechild 75]

Most people on here also do not realize how China pegs its currency to the US dollar and will not let it float on it's own, if it did, watch that country have some sudden recession problems. Oh and you are right the Chinese subsidize the entire energy market in China and keep it artificially deflated, why do you think they are trying to drill and buy up oil fields all over the world, they cannot keep up this shell game of robbing Peter to pay Paul within their national budget, and their cash reserves are rapidly starting to decline and be eaten up trying to pay for this shell game.

What happens when the Chinese want their money back to pay for more oil? Uncle Sam will default?

Robbing Peter to pay Paul? Isn't that our policy, too?

[mawilson 2,133]

They lead the world in gold and cash reserves so they have the ability to pay.

That's the idea.

You think the Russians wouldn't sell oil and gas to the Chinese?

You're not very bright, are you?

Doesn't matter who sells it to them. They buy oil at world prices and sell it

at the below-market state-set price. How long can they keep doing that?

7 million barrels per day @ $100 subsidy per barrel = $700,000,000 per day

With a $ 1,534,000,000,000 reserve, they can do that for about 6 years,

then they have nothing. ZERO. Capiche?

[alienlovechild 75]

You're not very bright, are you?

Smart enough to ask where you get your info.

Doesn't matter who sells it to them. They buy oil at world prices and sell it

at the below-market state-set price. How long can they keep doing that?

7 million barrels per day @ $100 subsidy per barrel = $700,000,000 per day

With a $ 1,534,000,000,000 reserve, they can do that for about 6 years,

then they have nothing. ZERO. Capiche?

Other countries have had subsidies before and although there are riots but the government remains in control. You have nothing to show Beijing can't control the population.

Edited June 17, 2008 by alienlovechild

[dalegg 143]

With a $ 1,534,000,000,000 reserve, they can do that for about 6 years,

then they have nothing

What the heck is China doing with this much money?

[zqt3344 21]

Ok Alienlovechild, here is a case study for you. One word. North Korea = China, they will be broke if they keep paying high oil prices and not charging the going price to cover their costs. What happens when you spend more than you take in or earn? You(China) have a serious cash flow problem and so you go borrow from your credit card(China's cash reserves) or bank against your home equity(more China Cash Reserves) then eventually you end up like the rest of the sub-prime borrowers and others in the mess they are in now since you are not earning enough and prices are higher than you can afford and you no longer have that savings or line of credit to borrow from for it is gone. MAWILSON is right on this and you could give him credit, it was a very accurate post and not some liberal spin!

You're not very bright, are you?

Smart enough to ask where you get your info.

Doesn't matter who sells it to them. They buy oil at world prices and sell it

at the below-market state-set price. How long can they keep doing that?

7 million barrels per day @ $100 subsidy per barrel = $700,000,000 per day

With a $ 1,534,000,000,000 reserve, they can do that for about 6 years,

then they have nothing. ZERO. Capiche?

Other countries have had subsidies before and although there are riots but the government remains in control. You have nothing to show Beijing can't control the population.

It is not accurate, they do not let their currency float freely as other countries do.

With a $ 1,534,000,000,000 reserve, they can do that for about 6 years,

then they have nothing

What the heck is China doing with this much money?

[alienlovechild 75]

Ok Alienlovechild, here is a case study for you. One word. North Korea = China, they will be broke if they keep paying high oil prices and not charging the going price to cover their costs. What happens when you spend more than you take in or earn? You(China) have a serious cash flow problem and so you go borrow from your credit card(China's cash reserves) or bank against your home equity(more China Cash Reserves) then eventually you end up like the rest of the sub-prime borrowers and others in the mess they are in now since you are not earning enough and prices are higher than you can afford and you no longer have that savings or line of credit to borrow from for it is gone. MAWILSON is right on this and you could give him credit, it was a very accurate post and not some liberal spin!

China is a big exporter unlike North Korea so they have something to sell on the international market. America has big trade deficit with most countries and China doesn't so who's in more trouble? Remember American consumers need more to maintain the standard of living compared to the Chinese.

I would give him credit if he could take into account China's total control over it's political and economic power domestically. Don't forget China has had double growth rate for about 10 years. Hard to top that buying power.

Rank Order - GDP - real growth rate

1 Azerbaijan 23.40 2007 est.

2 Bhutan 22.40 2007 est.

3 Angola 21.10 2007 est.

4 Timor-Leste 19.80 2007 est.

5 Macau 16.60 2006

6 Qatar 14.20 2007 est.

7 Armenia 13.80 2007 est.

8 Afghanistan 12.40 2007 est.

9 Equatorial Guinea 12.40 2007 est.

10 Georgia 12.40 2007 est.

11 Turkmenistan 11.60 2007 est.

12 China 11.40 2007 est.

183 United States 2.20 2007 est.

https://www.cia.gov/library/publications/th...r/2003rank.html

Edited June 17, 2008 by alienlovechild

[zqt3344 21]

Once again you underestimate the USA consumer. In case you have not been noticing there is a monumental shift in spending by USA consumers now. That spells big trouble for your China doll. Who is China going to sell to and if they let their currency float as it should then it becomes very expensive to buy from them their goods and services and well that means reduced spending on their products which means less money for them to use to deflate oil prices.

So what if they have something to sell, if it is too expensive or same price as other products, who is going to buy it?

Why do you think they have had such growth it is directly because of the USA investing in them and buying from them, you take that away and China is nothing.

You give China way too much credit, they have serious internal problems feeding and supplying their own which are only going to get worse. That country is on a direct course for failure soon.

Ok Alienlovechild, here is a case study for you. One word. North Korea = China, they will be broke if they keep paying high oil prices and not charging the going price to cover their costs. What happens when you spend more than you take in or earn? You(China) have a serious cash flow problem and so you go borrow from your credit card(China's cash reserves) or bank against your home equity(more China Cash Reserves) then eventually you end up like the rest of the sub-prime borrowers and others in the mess they are in now since you are not earning enough and prices are higher than you can afford and you no longer have that savings or line of credit to borrow from for it is gone. MAWILSON is right on this and you could give him credit, it was a very accurate post and not some liberal spin!

China is a big exporter unlike North Korea so they have something to sell on the international market. America has big trade deficit with most countries and China doesn't so who's in more trouble? Remember American consumers need more to maintain the standard of living compared to the Chinese.

I would give him credit if he could take into account China's total control over it's political and economic power domestically. Don't forget China has had double growth rate for about 10 years. Hard to top that buying power.

Rank Order - GDP - real growth rate

1 Azerbaijan 23.40 2007 est.

2 Bhutan 22.40 2007 est.

3 Angola 21.10 2007 est.

4 Timor-Leste 19.80 2007 est.

5 Macau 16.60 2006

6 Qatar 14.20 2007 est.

7 Armenia 13.80 2007 est.

8 Afghanistan 12.40 2007 est.

9 Equatorial Guinea 12.40 2007 est.

10 Georgia 12.40 2007 est.

11 Turkmenistan 11.60 2007 est.

12 China 11.40 2007 est.

183 United States 2.20 2007 est.

https://www.cia.gov/library/publications/th...r/2003rank.html

[mawilson 2,133]

I would give him credit if he could take into account China's total control over it's political and economic power domestically.

Don't forget China has had double growth rate for about 10 years. Hard to top that buying power.

In case you haven't been paying attention to the markets lately, here's what's happened to

the Shanghai Composite since it peaked in October last year:

The days of China's "double digit growth" are over, mate.

[Pinocchio Liberal 268]

I would give him credit if he could take into account China's total control over it's political and economic power domestically.

Don't forget China has had double growth rate for about 10 years. Hard to top that buying power.

In case you haven't been paying attention to the markets lately, here's what's happened to

the Shanghai Composite since it peaked in October last year:

The days of China's "double digit growth" are over, mate.

[mawilson 2,133]

Once again you underestimate the USA consumer. In case you have not been noticing there is a monumental shift in spending by USA consumers now. That spells big trouble for your China doll. Who is China going to sell to and if they let their currency float as it should then it becomes very expensive to buy from them their goods and services and well that means reduced spending on their products which means less money for them to use to deflate oil prices.

So what if they have something to sell, if it is too expensive or same price as other products, who is going to buy it?

Why do you think they have had such growth it is directly because of the USA investing in them and buying from them, you take that away and China is nothing.

You give China way too much credit, they have serious internal problems feeding and supplying their own which are only going to get worse. That country is on a direct course for failure soon.

You got it.

[dalegg 143]

I would give him credit if he could take into account China's total control over it's political and economic power domestically.

Don't forget China has had double growth rate for about 10 years. Hard to top that buying power.

In case you haven't been paying attention to the markets lately, here's what's happened to

the Shanghai Composite since it peaked in October last year:

The days of China's "double digit growth" are over, mate.

That's not helped the value of our land over there either.

[mawilson 2,133]

I would give him credit if he could take into account China's total control over it's political and economic power domestically.

Don't forget China has had double growth rate for about 10 years. Hard to top that buying power.

In case you haven't been paying attention to the markets lately, here's what's happened to

the Shanghai Composite since it peaked in October last year:

The days of China's "double digit growth" are over, mate.

That's not helped the value of our land over there either.

Yep. The Ho Chi Minh index is down 66% from its high and hasn't had an up day since April.

[mawilson 2,133]

China's cracking!

China to lift fuel prices by 18%

Beijing, June 19 - China will announce a surprise increase of about 18 per cent

increase in retail gasoline and diesel prices effective from Friday, the first increase

in eight months, two industry sources told Reuters.

”Yes it’s real. They are going to raise the prices. We were told to wait in the office

to receive the official notice,” said a fuel sales official with top refiner Sinopec Corp.

The sources said gasoline and diesel prices will rise by Rmb1,000 ($145.50) a tonne.

China last raised pump fuel prices in November.

The move in November took many market watchers by surprise as Beijing has

repeatedly vowed to rule out ”near-term” price increases to fight decade-high inflation.

Oil prices fell $3 a barrel on Thursday on the news because demand from China has

been one of the main factors driving oil prices to a record near $140.

link

[Ban Hammer 13,333]

that should drive down demand.