Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on June 18, 2018
What’s Not on China’s Tariff List? US Gas
In punching back against U.S. tariffs, China included almost all energy-related commodities on a list of its retaliatory actions. The exception: liquefied natural gas.
That’s not surprising, according to a report Monday by Wood Mackenzie Ltd., a U.K.-based research firm. After an aggressive coal-to-gas switching policy was put in place by China’s government last year to fight the country’s smog issues, U.S. LNG supplied 4 percent of that country’s demand, the report said.
U.S. President Donald Trump announced $50 billion in tariffs against China on June 15, and China retaliated with a $34 billion list. Oil was included, but not LNG. The reason: China’s LNG demand will grow by 10 million tons this year, and 9 millions tons in 2019, the Wood Mackenzie report said. The U.S., meanwhile, is set to generate 30 percent of incremental supply growth in LNG.
“In the event of an escalation, LNG is likely to remain outside the bounds of any additional tariffs,” Nicholas Browne, head of Asia-Pacific gas and LNG at Wood Mackenzie, wrote in a note to clients. “Tariffs on U.S. LNG would increase costs and potentially limit availability of LNG.”
While there are only two export facilities operating in the U.S., at least three more terminals could come online by this time next year. America is on the path to being the world’s largest supplier of the fuel, rivaling Australia and Qatar within five years.
The decision by China comes following a winter in which the country’s natural gas imports from Central Asia, a long-time source of the fuel via pipeline, slipped, worsening a winter shortage and increasing the world’s biggest energy user’s reliance on seaborne supplies.
24 Comments on "What’s Not on China’s Tariff List? US Gas"
Makati1 on Mon, 18th Jun 2018 7:03 pm
China: “West is Spreading Sick, Racist Anti-Chinese Nihilism”
“It appears that the Western public, both relatively ‘educated’ and thoroughly ignorant, could, after some persuasion, agree on certain very basic facts – for instance that Russia has historically been a victim of countless European aggressions, or that countries like Venezuela, Cuba, Iran or North Korea (DPRK) have never in modern history crossed the borders of foreign nations in order to attack, plunder or to overthrow governments…. OK, certainly, it would take some ‘persuasion’, but at least in specific circles of the otherwise hopelessly indoctrinated Western society, certain limited dialogue is still occasionally possible. …
China is different. There is no ‘mercy’ for China, in the West. By many standards, the greatest and one of the oldest cultures on Earth, has been systematically smeared, insulted, ridiculed and arrogantly judged by the opinion-makers, propagandists, ‘academia’ and mainstream press with seats in London, New York, Paris and many other places which the West itself calls the centers of ‘erudition’ and ‘freedom of information’.”
https://journal-neo.org/2018/06/17/west-is-spreading-sick-racist-anti-chinese-nihilism/
“… while the North Asians in general, and the Chinese people in particular, have been learning with zeal all about the rest of the world, the West is thoroughly ignorant about almost everything Asian and Chinese. … Westerners know nothing about Asia! Not 50% of them, now even 90%, but most likely somewhere in the area of 99.9%.”
Part 2 below:
Makati1 on Mon, 18th Jun 2018 7:10 pm
Part 2:
“Racism is the only fundamental explanation, although there are many other, secondary reasons for this state of affairs. … If all humans were to be respected as equal beings, all countries of the West would have to be tried and indicted, then occupied and harshly punished for countless genocides and holocausts committed in the past and present. The charges would be clear: barbarity, theft, torture as well as the slaughter of hundreds of millions of people in Africa, the Middle East, what is now called Latin America, and of course almost everywhere in Asia. Some of the most heinous crimes of the West were committed against China and its people.”
“It is obvious that the Western academia and mass media are funded by hundreds of millions and billions of dollars to censor the mainstream Chinese voices, and to promote dark anticommunist and anti-PRC nihilism. … Of course, China, Russia or Cuba are not “perfect countries” (there are no perfect countries on Earth, and there never will be), but should a thief and mass murderer be allowed to judge anybody? … The West is unapologetic. It is because it is ignorant, thoroughly uninformed about its own past and present deeds, or conditioned to be uninformed. It is also because the West is truly a fundamentalist society, unable to analyze and to compare. It cannot see, anymore.”
“But it is China (and also Russia, Cuba, Venezuela, Syria, Iran, and other nations) that is being portrayed as villains and tormentors of the people. Black becomes white. War is peace. Slavery is freedom. A mass rapist is a peacemaker and a cop.” (Shades of “1984”!) “As we have already determined, the hatred towards China is irrational, illogical, purely racist; mainly based to the superiority complex of Western “thinkers”. But also, it is based on the subconscious fear of the Westerners that Chinese culture and its socialist system (with all its ‘imperfections’) are greatly superior to the culture of terror and thuggery spread throughout our Planet by both Europeans and then North Americans.”
See part 3 below…
MASTERMIND on Mon, 18th Jun 2018 7:11 pm
Paul Tudor Jones warns the next recession will be ‘really frightening’
https://finance.yahoo.com/news/paul-tudor-jones-warns-next-recession-will-really-frigtening-203418073.html
What about the printing press? It worked in Wiemar..
Makati1 on Mon, 18th Jun 2018 7:26 pm
Part 3: “China is definitely willing and capable of putting much of the world devastated by Western imperialism, back onto its feet. It is big enough to do it, it is strong enough, it is determined and full of optimism. … It is becoming clear who really hates China: it is not the “world”, and it is not those countries on all the continents that have been brutalized and enslaved by the Western imperialists. There, China is loved. … Those who hate China are the nations which are not ready to let go of their de facto colonies. The nations who are used to a good, too good and too easy life at the expense of others. To them, historically egalitarian and now for many decades socialist/Communist (with Chinese characteristics) China poses a truly great threat. Threat – not to their survival or peaceful existence, but threat to their looting and raping of the world.”
“Yet, China is rising. It is rising despite racism, the lies, and fake news. Socialist, internationalist China is slowly but confidently marching forward, without confronting anyone, without making too much noise about the unfair, aggressive treatment it receives in the West and from countries like Japan.”
https://journal-neo.org/2018/06/17/west-is-spreading-sick-racist-anti-chinese-nihilism/
Highlights of a long article I recommend to those China bashers on this board. But then, you don’t want to know the truth, do you?
Davy on Mon, 18th Jun 2018 7:41 pm
“China: “West is Spreading Sick, Racist Anti-Chinese Nihilism”
Where did you pull that shit out of 3rd world?
“China is different. There is no ‘mercy’ for China, in the West. “
Nonsense.
“… while the North Asians in general, and the Chinese people in particular, have been learning with zeal all about the rest of the world, the West is thoroughly ignorant about almost everything Asian and Chinese. … Westerners know nothing about Asia! Not 50% of them, now even 90%, but most likely somewhere in the area of 99.9%.”
Complete nonsense!
“Some of the most heinous crimes of the West were committed against China and its people.”
Yea 3rd world years ago. The whole world has been committing crimes against each other for ever. Get a grip. What a stupid article.
“China is definitely willing and capable of putting much of the world devastated by Western imperialism, back onto its feet. It is big enough to do it, it is strong enough, it is determined and full of optimism.
China is raping the world and taking over cultures. What a joke 3rd world.
“There, China is loved. … “
China money is loved that is it.
“Highlights of a long article I recommend to those China bashers on this board. But then, you don’t want to know the truth, do you?”
Is that all you got to say 3rd world? One sentence after you took up so much space?
Anonymouse1 on Mon, 18th Jun 2018 10:51 pm
Between you and your sock puppet, ‘mushmind’, you take up the lions share of space, hands down exceptionalturd.
Shouldn’t be throwing stones when you live in a glass shack yourself eturd.
Makati1 on Tue, 19th Jun 2018 1:03 am
“U.S. imperialism’s economic domination has declined dramatically. So has the economic weight of the EU countries.
In contrast, the Asia Pacific region’s share of the global economy is expected to rise to 39 percent by 2023, while that of North America is estimated to fall to 25 percent, according to the IMF.”
https://www.globalresearch.ca/from-g7-to-sco-summit-u-s-swagger-falls-flat/5644418
Slip slidin’…
Davy on Tue, 19th Jun 2018 4:55 am
“In contrast, the Asia Pacific region’s share of the global economy is expected to rise to 39 percent by 2023, while that of North America is estimated to fall to 25 percent, according to the IMF.”
How is that slip slidin there 3rd world. You are the per capita brat try putting per capita numbers to that reference. You poor overpopulated Asians have a long way to go yet as a group.
Davy on Tue, 19th Jun 2018 6:14 am
Trade wars are not what they seem and their results inconsistent with expectations.
“The Hidden Risk Of A Trade Deficit Reduction”
https://tinyurl.com/y9o2ly2o
“But even if China were to follow through and import more from the United States or export less to it – reducing its surplus from the $500 billion in 2017 to $300 billion per year in the future – this would not be the end of the story.”
“capital transactions make up 95 percent of international financial flows, compared to 5 percent for trade.”
“So how does the capital account automatically balance with the trade account? “Over 90 percent of the ‘adjustment’ required to balance the accounts lies in the value of currencies,” writes Woody Brock of research firm Strategic Economic Decisions who wrote an excellent paper on the topic. Because of relatively inflexible supply chains as well as sticky consumer preferences, it takes large moves in currencies and prices to shift demand for goods either up or down. Not so with capital. Even small moves in the currency lead to traders and investors buying and selling trillions of assets, but also vice versa, where changing economic conditions at home or abroad lead to more or less appetite for U.S. assets.”
“The only conclusion: If asset allocation preferences around the world don’t shift and the trade deficit with the rest of the world goes down, the dollar would go up. By how much against which rate is impossible to say.”
Davy on Tue, 19th Jun 2018 6:58 am
These trade wars won’t go very far because they can’t. Although their results could reach a critical boundary and cause a serious decline. That they can do. Once this boundary is passed recovery may not be in the cards meaning much lower economic activity levels. There are limits to the functionality of globalism. The paradox of globalism is the variables of comparative advantage, just in time production/distribution, and freeish capital flows are robust and fragile at the same time. This means they are strong but very fickle to disruptive changes. What will likely happen is a breaking action to any further trade imbalances either way. China will be prevented from taking more market share from the US manufactures but US manufactures will not get much in return. Basically the resumption of the status quo will be enhanced and made even more brittle. Globalism is likely entering its terminal decline phase where further growth gets more difficult. As with all climax ecosystems change becomes destructive and not creative at a certain point. Without further growth all those entropic decay variables start to outperform growth.
JuanP on Tue, 19th Jun 2018 7:47 am
Delusional Davy “You are the per capita brat try putting per capita numbers to that reference.”
We’ve all heard the exceptionalist bitch and whine that per capita information is useless whenever it doesn’t fit his exceptional American delusions. But, when per capita data confirms his biases then it seems it is important. You can’t have it both ways, exceptionalist! The truth is, of course, that per capita data is relevant and provides a useful way to compare differently sized groups of people, like when you compare a small country with a large one. But, hey, don’t let the truth interfere with your delusions, exceptionalist! LOL!
JuanP on Tue, 19th Jun 2018 7:51 am
Delusional Davy “These trade wars won’t go very far because they can’t.”
Translation: The exceptionalist is afraid that trade wars will cause serious damage to the US economy. But, he will probably claim that he knows this as a fact because he is such a good economist, and can see the future, too. Let’s wait and see what delusions he picks! LOL
Davy on Tue, 19th Jun 2018 7:53 am
“We’ve all heard the exceptionalist bitch and whine that per capita information is useless whenever it doesn’t fit his exceptional American delusions.”
Do you have references?
“But, when per capita data confirms his biases then it seems it is important.”
Do you have references?
“You can’t have it both ways, exceptionalist!”
I only deal with the topic when 3rd world shoves it down the board’s throat.
“The truth is, of course, that per capita data is relevant and provides a useful way to compare differently sized groups of people, like when you compare a small country with a large one.”
Yea, and it is just one of the many comparisons but you anti-American extremist love to do just what you accused me of and that is use per capita comparisons solely and routinely.
“But, hey, don’t let the truth interfere with your delusions, exceptionalist! LOL!”
But hey, don’t let the truth interfere with you delusional anti-Americans! LOL
Davy on Tue, 19th Jun 2018 7:57 am
“Translation: The exceptionalist is afraid that trade wars will cause serious damage to the US economy.”
I think that is what I was saying no need for the translations but I think you are trying to be cute and copy the effective tool I use on you extremist. Trade wars will do damage to the global economy i.e. all of us but my point is they will likely not go very far before the pain stops the progress.
“But, he will probably claim that he knows this as a fact because he is such a good economist, and can see the future, too. Let’s wait and see what delusions he picks! LOL”
I have been studying this all my adult life and I am a university graduate in finance and economics IOW I went to school unlike you who chose the playboy route.
Makati1 on Tue, 19th Jun 2018 6:10 pm
Davy, you have never reached adulthood. Your immature rants and putdowns prove it. And “economists” are never right. They read chicken guts and look in the rear view mirror for their prognostications. Not one has ever been correct, or if they were, they were quickly made to retract their truth to cover up the bullshit published to support TPTB. The rape of the American serf is all that they care about. Draining YOUR blood until you can barely support them. That is the Great Leveling, Davy. You are in it and cannot get out. Too bad. BTW: The per capita annual income for the world is about $10,000.. Can you live on $10,000 per year?
Anonymouse1 on Tue, 19th Jun 2018 7:06 pm
Did the exceptionalturd just ask for references, to prove that he is bullshiter that cherry picks when it suits him, and squeals like a stuck pig when it does not? Holy fook are you ever dumb. I guess you never read your own posts, or, you must use your powers of selective memory to edit out all the stupid things you’ve said and claimed over the years.
RoLF! The only reference’ one needs for that, is to have even a passing familiarity with your dysfunctional ‘personality(s) to know that is exactly what you do. Not sure why you think proof is required for something so evident.
Davy on Tue, 19th Jun 2018 7:24 pm
“Davy, you have never reached adulthood. Your immature rants and putdowns prove it.”
Denture flappin old man ranting because I hurt his feeling by introducing him to reality on a daily basis.
“And “economists” are never right. “
In what regard stupid? That is about the most stupid thing you have said in years here.
They read chicken guts and look in the rear view mirror for their prognostications.
Nonsense
“That is the Great Leveling, Davy. You are in it and cannot get out. Too bad. BTW: The per capita annual income for the world is about $10,000.. Can you live on $10,000 per year?”
Stop it 3rd world with the generalized per capita shit. There is no relation to reality of your above comment just stupidity.
Davy on Tue, 19th Jun 2018 7:25 pm
wow, the widdle weasel is out. He comes out when his daddy 3rd world is out. 3rd world calls him affectionately annon. LMFAO. This board is full of dorks!
Makati1 on Tue, 19th Jun 2018 7:32 pm
Davy chimes in with his usual bullshit, third grade putdowns and other meaningless posts.
Makati1 on Tue, 19th Jun 2018 7:32 pm
.Davy chimes in with his usual bullshit, third grade putdowns and other meaningless posts.
Cloggie on Wed, 20th Jun 2018 1:15 am
The Donald has a point.
Irritation in Europe is mounting regarding Chinese one-sided restrictive business-practices:
http://www.spiegel.de/wirtschaft/unternehmen/china-eu-firmen-werfen-peking-unfairen-wettbewerb-vor-a-1213927.html
On top of that, Chinese industry and technology is getting rapidly more competitive.
European industry does not plead for tariffs, but instead high level trade agreements (“we buy this, you buy that”).
It is true that in the long run trade between blocks should be balanced. Absolute free trade should be abolished and replaced by mercantile agreements. Besides, the Chinese finally need to pay their workers far higher wages, to increase the prices of their products.
Davy on Wed, 20th Jun 2018 4:02 am
“It is true that in the long run trade between blocks should be balanced.”
Yea, when a true global reserve currency is figured out but absent that there will have to be some kind of trade deficit.
Davy on Wed, 20th Jun 2018 4:08 am
In my opinion there will not be much walking back the current trade arrangements because the global economy has adapted to what we have now. What is happening is an effort to halt the future direction of the global economy that has been geared to supporting development in emerging markets. Those markets are maturing so we have new tensions with competitiveness in relation to free and fair trade.
JuanP on Wed, 20th Jun 2018 6:46 am
Cloggie “On top of that, Chinese industry and technology is getting rapidly more competitive.”
I agree that the Chinese have been cheating, particularly where intellectual property rights are concerned. Your point about Chinese industry and technology becoming more competitive is good, too. I expect them to essentially catch up in most important fields by 2025. Trade will become more balanced eventually; the process that will lead us there has started. I think that one of the main differences between us is that I am a doomer and you are not. I expect a significant global trade contraction. I also think the globalization process will be reversed as increasingly scarce and expensive fossil fuels lead to regional blocks and eventually more localized economies.