There were big increases in refining capacity in the US, china, KSA and UAE
When there is a shortage and big price increase like over the last 10 years, biz invests to profit... when money is at the same time virtually free, it seems a foregone conclusion that some or lots of investment will be overdone.
I'm not gonna blame China for the whole commodity situation but they certainly added to it by pushing their big growth agenda beyond what it might have been "naturally".
PeakOil is You
China Is Hoarding the World's Oil
Re: China Is Hoarding the World's Oil
by Pops » Fri 25 Sep 2015, 15:36:24
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Pops - Elite
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Re: China Is Hoarding the World's Oil
by dolanbaker » Fri 25 Sep 2015, 15:46:22
$this->bbcode_second_pass_quote('Pops', 'T')here were big increases in refining capacity in the US, china, KSA and UAE
When there is a shortage and big price increase like over the last 10 years, biz invests to profit... when money is at the same time virtually free, it seems a foregone conclusion that some or lots of investment will be overdone.
I'm not gonna blame China for the whole commodity situation but they certainly added to it by pushing their big growth agenda beyond what it might have been "naturally".
When there is a shortage and big price increase like over the last 10 years, biz invests to profit... when money is at the same time virtually free, it seems a foregone conclusion that some or lots of investment will be overdone.
I'm not gonna blame China for the whole commodity situation but they certainly added to it by pushing their big growth agenda beyond what it might have been "naturally".
I sonehow believe that the Chinese thought that they had every right yo try to "catch up" with the west and that there was still a long way to go. The slowdown has come as a bit of a shock to them.
Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.:Anonymous
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
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Re: China Is Hoarding the World's Oil
by Pops » Fri 25 Sep 2015, 16:11:30
Like I said I don't blame them for the over-investment or even the trying. We've been doing it for hundreds of years and are no better at managing it than when we started.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Pops - Elite
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- Joined: Sat 03 Apr 2004, 04:00:00
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