In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Oil’

China overtakes US as world’s no.1 car market

Posted by smeddum on June 12, 2009

The risk in China’s brisk car market

This goes some way to explaining oil price increases

16:46, June 10, 2009
People’s Daily
If someone asks what kind of commodity market is most brisk in China this year, the ready answer would definitely be car market.

Against a backdrop of slump car markets worldwide from January to May this year, car market in China is the first to warm up, and car sales have grown for five months in a row. So, the country has overtaken the United States as the world’s No. 1 car market. If nothing goes wrong in the year, China’s auto sales will breach the 10 million target. Read the rest of this entry »

Posted in Financial crisis, Multipolar world | Tagged: , , | Leave a Comment »

A Generation of lost wealth

Posted by smeddum on March 6, 2009


Jim Willie CB                        March 5, 2009



A couple of bright friends reported to me some overriding themes at the PDAC gathering in Toronto last weekend. Apparently, some surprise came to them. They mentioned that more than a few analysts, writers, and speakers still do not get it. They actually believe the situation with the USEconomy and US banking system has begun to stabilize. That is like saying a college basketball player has Michael Jordan under control, or a farmer has his Clydesdale horse under control, or a misguided King can call back the ocean tide, or a man has a hurricane under control as he clings to a roof rafter. The USEconomy has entered an accelerated phase of disintegration, while the populace has entered a new panic phase. The US stock market is under the microscope, and it just broke a key multi-year critical support level. This article is intended to be constructive, with a list of perceived meters and conditions, followed by a four-step foundation for a recovery. When finished reading the four planks, one should easily conclude that no solution, let alone attempt, is on the correct path or is in the works. Read the rest of this entry »

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Russia may join OPEC

Posted by smeddum on December 17, 2008

Posted in Uncategorized | Tagged: , | Leave a Comment »

Chavez hails oil cooperation with China, blasts US

Posted by smeddum on September 24, 2008

Associated Press
BEIJING (AP) — China and Venezuela hailed rising oil exports and growing energy cooperation during a visit to Beijing by Venezuelan President Hugo Chavez that lent him a new platform from which to criticize Washington. Read the rest of this entry »

Posted in Multipolar world | Tagged: , , , | Leave a Comment »

China Nabs Gold In Iraq Oil Race

Posted by smeddum on August 29, 2008

China Nabs Gold In Iraq Oil Race Forbes
Tina Wang, 08.28.08, 6:40 PM ET
In the race among global oil majors to re-enter Iraq, China scored the first win.

While Western oil firms have been trying to access the world’s third-largest oil reserves since the 2003 U.S. invasion, state-run China National Petroleum Corp. secured the post-Saddam government’s first major oil contract. The $3 billion oil services deal, signed Wednesday, revised the terms of a 1997 agreement to pump oil from the Adhab oil field. The contract replaces a production-sharing arrangement with set-fee technical services. Read the rest of this entry »

Posted in Iraq, Uncategorized | Tagged: , , | Leave a Comment »

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