China’s Oil Futures Contract Is Beginning to Show Its Teeth

(edited)

12 minutes ago, TXPower said:

Jan, everything you wrote is true.  I would add though, for those that wouldn’t surrender, our military sentiment for them, “No dumb bastard ever won a war by going out and dying for his country. He won it by making some other dumb bastard die for his country.” General Patton 

Then again, that was uniquely Mr, Patton, and Mr. Patton was well known as a bit of a crazy man, pearl-handled pistol an'  all! 

Edited by Jan van Eck
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(edited)

16 hours ago, Dan Warnick said:

Do you have an understanding of how the U.S. government works down to the community level?  I ask because it would seem that you think we only have a President, Congressmen/women (made up of the Senate and the House of Representatives), Governors and Mayors.  Based on what makes it into the normal media feed that is in the news, nationally and internationally, one could be forgiven for not realizing there is so much more to our form(s) of government.  Forgive me if this assumption is wrong, I don't know you and I don't know what living experience you have in and of the U.S.  For a better understanding of how our government works, right down to the neighborhood level, there are tons of sites on the internet you can search and find.

Here is but one of many.  There is a lot to that website, but it is worth going through all of it to see to what level American citizen participation is not only available, but encouraged.  We don't get a lot of things right and there is a lot of disparity, but for the most part the citizenry (that chooses to participate) are happy enough with it and trying to improve it continuously.

My point is that we do have very active community and individual participation far, far beyond what is seen on TV or typical scanning of the internet.

I am an Indian and hence don't fully understand USA politics. However, I know of senate, house of representatives, local corporations etc. The biggest problem with these is that the representation is just a formality and not compulsion. The encouragement etc are only a formality too.

16 hours ago, jaycee said:

I will stick to the internationally recognized version of the definition democracy you stick to yours.

The difference in language or vocabulary is not the issue here. Issue is about having the actual power in the hands of collective public without anyone having special ability to influence by propaganda, lies, nexus or unwarranted discretionary powers. Representative republic with party system is completely against that principle

15 hours ago, Dan Warnick said:

I found a pretty good article that describes one such experience with local participation in local government in the U.S.:

Attending a city council meeting?

It hits on many of the questions one might have about citizen participation, including but not limited to the goal of transparency, the laws that ensure a citizen can/must be heard, how that one meeting might lead one to other meetings going on in your community right down to departmental levels, and so much more.  It's a good enough read for this discussion, I think.  If anyone wants to go into this subject in greater detail, I suggest you start another thread or ask @Tom Kirkman or @CMOP for assistance.  I'm sure they would be happy to provide guidance, being the civic minded citizens that they are.  :)

I understand that USA does have some form of local meetings etc, but the problem are these:

  • The local meetings are not compulsory and only encourages local voters, not migrants. Whereas, weekly congregation system includes everyone and tries to unite people regardless of region
  • Local meetings are not regular but sporadic while in the meantime, the councilors can take any arbitrary decisions whereas weekly congregation is weekly and people can question regulalry
  • Local councilors have very little say about major issue which is dealt with at senate or house of representative level. There is no direct accountability across higher levels. In weekly congregation, there is a heirarchy and lower levels can question higher level ones and even pressurise
  • Party system of republic essentially creates oligarchy system without accountability whereas weekly congregation system has direct accountability to people instead of upper levels and even the upper levels are promoted from the lower levels by performance, not by connections
  • In republic, the local representatives are formal while in weekly congregation, the local representatives are also teachers of children and have deep connection with the locals which will be as thick as blood
  • Most importantly, the republic representatives don't command respect but just do it as a job for benefits which makes betrayal and corruption much more significant. Whereas in weekly congregation system, the local head acts as the leader, guide, father and commands respect due to which corruption and betrayal is minimal.
9 hours ago, TXPower said:

Dan is right.  OP described Iran.   An international bastion of freedom, restraint and inclusion of that which is different, right?  No thanks, that is not a better way.

I have emphasised that holy books must not be the guiding force. The problem with Iran is that the system is based on holy book cults, not truth or reason. The aim of Iran is to implement the holy book, not give good governance

7 hours ago, TXPower said:

Except that we are a Representative Republic, not a democracy.  Our founders did not trust democracy, which they considered rule by the mob.  We elect a new president every 4 years, 8 if somebody is able to double down in the Oval Office.   Forgot about our electoral college and how that plays into things?  Don’t, just ask Hillary.  

It’s simpler than that in Russia though, now isn’t it.  Simpler in a might makes right kinda way.

Now there is an argument to be made for your hypothesis in terms of what it takes to get elected here.  That is, where the real money and influence are and how that plays into your ability to become a candidate.  Even so, Trump spent way less than Hillary.

Also, don’t forget, we have 3 separate but equal branches of Goverment here, unlike Russia.  Were it not so there is no telling how much more of his agenda President Trump could have accomplished by now without Congress and the Courts blocking him at every turn.  Not the case in Russia, nobody stopping Mr. Putin from doing what he wants.

Ura Komrade

This is the point I am making. USA is not a democracy. It is a republic. That creates lot of problems as many important issues are being discussed only amongst small group of people who then decide to lie collectively to public and start propaganda. There is no real allegiance to the people of the area. The whole agenda is to be better than the opponent to win elections.

If you think republic system gives correct representatives, tell me in what way did Obama represent the people to become the president?

 

PS: Chinese system is more or less based on meritocratic local representative system. But it is not as thorough as weekly congregation. I seek a blend between weekly congregation and meritocracy. That is a system which is a hybrid between Iran and China using iran's weekly congregation and Chinese meritocracy but excluding the holy books and communist party system (since you mentioned Iran)

Edited by Bhimsen Pachawry

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16 hours ago, Qanoil said:

Neon Revolt does a pretty good job decoding.  Here's an infographic

^Thanks for the links.  I had heard of Q before, but now I understand. 

I found this somewhere along the way and thought it was a good summary:

"FISA-gate may become a more worrisome scandal than either Watergate or Iran-Contra. Why? Because our defense against government wrongdoing -- the press -- is now defending such actions, not uncovering them. Liberal and progressive voices are excusing, not airing, the wrong-doing of the DOJ and FBI.

Apparently, weaponizing government agencies to manipulate voters is no longer considered a crime by the MSM."

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1 hour ago, Epic said:

"FISA-gate may become a more worrisome scandal than either Watergate or Iran-Contra. Why? Because our defense against government wrongdoing -- the press -- is now defending such actions, not uncovering them. Liberal and progressive voices are excusing, not airing, the wrong-doing of the DOJ and FBI.

Apparently, weaponizing government agencies to manipulate voters is no longer considered a crime by the MSM."

 

11ef18560ff5c1d7f2ef4b7c933264f141cb0b08eb92c42a51e994d245e5a67d.png

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2 hours ago, Bhimsen Pachawry said:

I am an Indian and hence don't fully understand USA politics. However, I know of senate, house of representatives, local corporations etc. The biggest problem with these is that the representation is just a formality and not compulsion. The encouragement etc are only a formality too.

Then you didn't go take the time to review the website or the link to the town meeting I provided.  Fine, I will tell the weekly congregation about you complaining about issues but not doing your compulsory homework assignment since last compulsory meeting.  Then they can mediate for us.  

2 hours ago, Bhimsen Pachawry said:

The local meetings are not compulsory and only encourages local voters, not migrants.

Compulsory meetings?  What is the population of India?  How effective is this in your country? 

78 million
 
India is estimated to be the home to 78 million homeless people, including 11 million street children (Business Standard, 2013; Slum Dogs). According to the 2011 census, there were 28% less homeless people from rural areas and 20% less homeless people living in the cities as compared to 2001 (Dr. Kumuda, 2014).

Are those millions of people getting results from their input?  When you get India's house in order, by all means come back and tell us so that we can implement your ideas.  In the U.S. you will have a revolt on your hands for no other reason than you try to impose compulsory anything.  We cherish our freedoms and we do not believe that just because you say something needs to be compulsory that I need to agree with you, and if I'm not doing anything wrong or breaking any laws, why should I be "compulsed" into attending to your needs?   That is why we elect community administrators.

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3 hours ago, Bhimsen Pachawry said:

The difference in language or vocabulary is not the issue here. Issue is about having the actual power in the hands of collective public without anyone having special ability to influence by propaganda, lies, nexus or unwarranted discretionary powers. Representative republic with party system is completely against that principle

But it is about the difference in vocabulary I used the defined definition of democracy you want to say I and the rest of the world are wrong. You want democracy to mean something else fine but use another word don’t tell me I am using the wrong word.

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(edited)

2 hours ago, Dan Warnick said:

Compulsory meetings?  What is the population of India?  How effective is this in your country? 

78 million
 
India is estimated to be the home to 78 million homeless people, including 11 million street children (Business Standard, 2013; Slum Dogs). According to the 2011 census, there were 28% less homeless people from rural areas and 20% less homeless people living in the cities as compared to 2001 (Dr. Kumuda, 2014).

Are those millions of people getting results from their input?  When you get India's house in order, by all means come back and tell us so that we can implement your ideas.  In the U.S. you will have a revolt on your hands for no other reason than you try to impose compulsory anything.  We cherish our freedoms and we do not believe that just because you say something needs to be compulsory that I need to agree with you, and if I'm not doing anything wrong or breaking any laws, why should I be "compulsed" into attending to your needs?   That is why we elect community administrators.

(I did read the article you gave a link for. So, I have done my homework! )

There is no weekly congregation in India and hence the decrepit system. By the way, homeless people in India are not exactly homeless but live in slums and thatchments and have families. Generally, people become homeless only when migrating. Almost everyone has some form of family home in villages but when migrating for jobs, they find it hard to afford homes.

Compulsory meeting in India seem to work for muslims though despite having 200 million of them. I am sure it will work for others too

By the way, compulsory is not by use of force but by social obligations and sense of duty. Instead of rights, it must be "duties". Yes, in USA, it is already too late and society is nearing to chaos. The democrats have been hijacked by Arab agents but still people vote for them blindly. Do you think that mass shootings were genuine? They were the work of democrats and Arabs to disarm Americans by false flag attacks.

Absolute freedom is chaos. The only way to be free is to be reasonable and follow natural law and natural justice to best possible extent with right importance to teamwork, management of resources, division of labour and fighting evil and agents of lies & deceit.

Edited by Bhimsen Pachawry

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2 hours ago, Bhimsen Pachawry said:

(I did read the article you gave a link for. So, I have done my homework! )

There is no weekly congregation in India and hence the decrepit system. By the way, homeless people in India are not exactly homeless but live in slums and thatchments and have families. Generally, people become homeless only when migrating. Almost everyone has some form of family home in villages but when migrating for jobs, they find it hard to afford homes.

Compulsory meeting in India seem to work for muslims though despite having 200 million of them. I am sure it will work for others too

By the way, compulsory is not by use of force but by social obligations and sense of duty. Instead of rights, it must be "duties". Yes, in USA, it is already too late and society is nearing to chaos. The democrats have been hijacked by Arab agents but still people vote for them blindly. Do you think that mass shootings were genuine? They were the work of democrats and Arabs to disarm Americans by false flag attacks.

Absolute freedom is chaos. The only way to be free is to be reasonable and follow natural law and natural justice to best possible extent with right importance to teamwork, management of resources, division of labour and fighting evil and agents of lies & deceit.

Oh Bhimsen.  Where to begin.  We lived, and I worked, in Mumbai for about a year back in 2006 and our son was even born there.  I have been through the slums that you speak of on a daily basis.  It is hard to miss them since they are everywhere.  For you to downplay the situation of the homeless is shameful.  I watched and interacted with the same people day in and day out on the streets of Mumbai; they were not migrating.

You really seem to have a problem when people call you out for using your own terminology against your own arguments, but here is the next one for you:

com·pul·so·ry
kəmˈpəlsərē/
adjective
 
  1. required by law or a rule; obligatory.
    "compulsory military service"
    synonyms: obligatory, mandatory, required, requisite, necessary, essential; 

Anyway, if you use the term "compulsory" then I/we tend to take your meaning to be the same as the definition above.  But now you say it is not by use of force but by social obligations and sense of duty.  

Your next statement:  "Yes, in USA, it is already too late and society is nearing to chaos. The democrats have been hijacked by Arab agents but still people vote for them blindly. Do you think that mass shootings were genuine? They were the work of democrats and Arabs to disarm Americans by false flag attacks."

You have now lost all credibility with me because it is obvious I am debating with a YouTube "educated" person that also believes in conspiracy theories.  As such it is pointless to continue providing facts to every conjecture you put forth.  It is actually painful to realize what level of ignorance (definition is on Google for you) you openly display.  I would invite you to go the U.S. Embassy in New Delhi and apply for a tourist visa to the U.S. and see for yourself.  Do not be discouraged by the vetting process, they only wish to ensure that you plan to exit the U.S. at the end of your visa validity.  One of the most irritating things about my business trips to India is the amount of time and the level of documentation, not to mention the expense, I have to provide in order to secure said visa.  Why does India not encourage business travel to your incredible country?  I don't know.

If, after you spend some time in the U.S., you decide that maybe, just maybe, you were wrong about our country and maybe you would like to stay, then go visit the nearest U.S. Immigration office and apply for citizenship.  It is a long process to become a citizen, but it is not difficult.  Not nearly as difficult as visiting Indian Immigration services, trust me on that!  I have been to U.S. Immigration services many times and have watched my wife being sworn in as a United States citizen.  It was easily the proudest day of our lives, next to our son being born.  Good luck to you and keep studying!

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55 minutes ago, Dan Warnick said:

Oh Bhimsen.  Where to begin.  We lived, and I worked, in Mumbai for about a year back in 2006 and our son was even born there.  I have been through the slums that you speak of on a daily basis.  It is hard to miss them since they are everywhere.  For you to downplay the situation of the homeless is shameful.  I watched and interacted with the same people day in and day out on the streets of Mumbai; they were not migrating.

India has many problems due to historic reasons. Next, most of the homeless and slums you see in Mumbai is of migrants. Mumbai has majority migrants, not natives. You should have asked which is the native city/place and they would have told you Bihar, UP, Bangladesh etc.

I don't deny the problem in India but I realise that the problems exist because India did not have weekly congregation system in the past which weakened the society.

55 minutes ago, Dan Warnick said:

Anyway, if you use the term "compulsory" then I/we tend to take your meaning to be the same as the definition above.  But now you say it is not by use of force but by social obligations and sense of duty. 

Compulsory is not necessarily force wise. In many societies like Japanese, the society is run on guilt, shame and honour. Also, since you have been to India, I think you know by now that Indians don't care much for laws and that may also be the reason for my mind to not go to use of law or punishment while thinking of compulsory. I think more in the lines of shame, guilt and expulsion from society rather than sending someone to jail! Cultural difference in enforcing norms and customs exist!

1 hour ago, Dan Warnick said:

Your next statement:  "Yes, in USA, it is already too late and society is nearing to chaos. The democrats have been hijacked by Arab agents but still people vote for them blindly. Do you think that mass shootings were genuine? They were the work of democrats and Arabs to disarm Americans by false flag attacks."

You have now lost all credibility with me because it is obvious I am debating with a YouTube "educated" person that also believes in conspiracy theories.  As such it is pointless to continue providing facts to every conjecture you put forth.  It is actually painful to realize what level of ignorance (definition is on Google for you) you openly display.  I would invite you to go the U.S. Embassy in New Delhi and apply for a tourist visa to the U.S. and see for yourself.  Do not be discouraged by the vetting process, they only wish to ensure that you plan to exit the U.S. at the end of your visa validity.  One of the most irritating things about my business trips to India is the amount of time and the level of documentation, not to mention the expense, I have to provide in order to secure said visa.  Why does India not encourage business travel to your incredible country?  I don't know.

I am observing things more carefully. I am seeing a major attempt by Arabs taking advantage of petrodollar vulnerability of USA. You seem to be an emotional person who puts reason below emotions and unwilling to accept the reality. I am concerned that USA may end up transferring technology of advanced military items to Arabs via the democrat moles. If that starts happening, there will be no choice left for India but to initiate war right away.

 

1 hour ago, Dan Warnick said:

If, after you spend some time in the U.S., you decide that maybe, just maybe, you were wrong about our country and maybe you would like to stay, then go visit the nearest U.S. Immigration office and apply for citizenship.  It is a long process to become a citizen, but it is not difficult.  Not nearly as difficult as visiting Indian Immigration services, trust me on that!  I have been to U.S. Immigration services many times and have watched my wife being sworn in as a United States citizen.  It was easily the proudest day of our lives, next to our son being born.  Good luck to you and keep studying!

You don't seem to understand. USA runs on petrodollars and Arabs have asked USA to leave. USA has proposed setting up of Middle East Strategic Alliance (MESA) before leaving to buy time. Also, USA has been producing oil at 4 billion barrels a year, again due to middle east asking USA to reduce oil imports. This will eventually lead to situation whereby USA will run out of oil and hence collapse. Why would I come to USA?

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Maybe Venezuela would be taking some winning out of having its barrel prices quoted in renmimbis, although i dont really know if its worth or important after all since our largest exports of oil are to the U.S. and paid in U.S. dollars. 

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9 hours ago, Qanoil said:

 

11ef18560ff5c1d7f2ef4b7c933264f141cb0b08eb92c42a51e994d245e5a67d.png

Truth does not fear investigation.  

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6 hours ago, Bhimsen Pachawry said:

I am observing things more carefully. I am seeing a major attempt by Arabs taking advantage of petrodollar vulnerability of USA. You seem to be an emotional person who puts reason below emotions and unwilling to accept the reality. I am concerned that USA may end up transferring technology of advanced military items to Arabs via the democrat moles. If that starts happening, there will be no choice left for India but to initiate war right away.

I'm having a bit of trouble digesting that paragraph.  India will have no choice but to intiate war right away, because ... U.S. Democrats are transferring advanced military technology to Arabs ?

Hmmmmmmmm....

 

2fdd586fd6793566e5d3110efacf8377a4af4047518c79bdebae07715bdda185.jpg

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On 7/31/2018 at 4:49 AM, Tom Kirkman said:

Welp, it's been a few weeks since my last gentle reminder nudge about the inexorable, incremental, slow-moving financial tsunami that is the PetroYuan.

Ignoring it won't make it go away.

China’s Oil Futures Contract Is Beginning to Show Its Teeth

Petrodollar will be showing signs of wear-and-tear in the very near future.

We have been documenting the demise of the dollar hegemony for the past several years and the past two years the pace of the demise seems to be moving like a rocket. All the little details since the global financial meltdown in 2008 are now converging and one of the biggest pieces is now showing its teeth – the Chinese oil futures contract priced in yuan is growing in such a way that by the years end, at the current pace of growth, this contract will present a real challenge to the petrodollar.

 

==============================

/ Side note, I'm in Jakarta this week for the Gas Indonesia exhibition at the Jakarta Convention Center.  Please feel free to drop by if you are nearby, and chew the fat about international oil & gas.

From my experience in global oil trade and dealing with NOC's,  IOC's , SOE's, majors/independents (producers), integrated oil companies, oil trading cos and refiners, I doubt that the Chinese Futures oil market will be a big threat to trading crude oil and petroleum products in US$. It is more stable, convenient and established currency for high value global trade. Some countries may opt to trade in some instances in petro-Yuan. It will also mean the banks that conduct the financial side of the oil trade will have to deal with more Chinese red tape in banking in payment settlements on documentary credits, standby credits, BG's and other financial instruments not to mention the currency devaluation, inflation and per barrel to Yuan  value loss risk.

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(edited)

21 hours ago, Epic said:

I found this somewhere along the way and thought it was a good summary:

"FISA-gate may become a more worrisome scandal than either Watergate or Iran-Contra. Why? Because our defense against government wrongdoing -- the press -- is now defending such actions, not uncovering them. Liberal and progressive voices are excusing, not airing, the wrong-doing of the DOJ and FBI.

Apparently, weaponizing government agencies to manipulate voters is no longer considered a crime by the MSM."

Epic, then you might find this interesting. Legal reasoning for declassifying FISA abuses.

https://www.gpo.gov/fdsys/pkg/CFR-2010-title3-vol1/pdf/CFR-2010-title3-vol1-eo13526.pdf

Executive Order 13526 Sec 1.7

"Classification Prohibitions and Limitations. (a) In no case shall information be classified, continue to be maintained as classified, or fail to be declassified in order to:

(1) conceal violations of law, inefficiency, or administrative error;

(2) prevent embarrassment to a person, organization, or agency;

(3) restrain competition; or

(4) prevent or delay the release of information that does not require protection in the interest of the national security."

Edited by Qanoil
Typo

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13 hours ago, Bhimsen Pachawry said:

India has many problems due to historic reasons. Next, most of the homeless and slums you see in Mumbai is of migrants. Mumbai has majority migrants, not natives. You should have asked which is the native city/place and they would have told you Bihar, UP, Bangladesh etc.

I don't deny the problem in India but I realise that the problems exist because India did not have weekly congregation system in the past which weakened the society.

Compulsory is not necessarily force wise. In many societies like Japanese, the society is run on guilt, shame and honour. Also, since you have been to India, I think you know by now that Indians don't care much for laws and that may also be the reason for my mind to not go to use of law or punishment while thinking of compulsory. I think more in the lines of shame, guilt and expulsion from society rather than sending someone to jail! Cultural difference in enforcing norms and customs exist!

I am observing things more carefully. I am seeing a major attempt by Arabs taking advantage of petrodollar vulnerability of USA. You seem to be an emotional person who puts reason below emotions and unwilling to accept the reality. I am concerned that USA may end up transferring technology of advanced military items to Arabs via the democrat moles. If that starts happening, there will be no choice left for India but to initiate war right away.

 

You don't seem to understand. USA runs on petrodollars and Arabs have asked USA to leave. USA has proposed setting up of Middle East Strategic Alliance (MESA) before leaving to buy time. Also, USA has been producing oil at 4 billion barrels a year, again due to middle east asking USA to reduce oil imports. This will eventually lead to situation whereby USA will run out of oil and hence collapse. Why would I come to USA?

"USA has been producing oil at 4 billion barrels a year, again due to middle east asking USA to reduce oil imports. This will eventually lead to situation whereby USA will run out of oil and hence collapse"

Wow, everyone may run out of oil at one point or the other.......... Since when does the USA follow orders of the Mid-East? and specially to reduce Us oil imports from the Mid-East. The US has plenty of oil, natgas and other natural gas to sustain over a long time frame. The US energy industry has reshaped the world geopolitics and the US is a major influence now in the world's energy mix. BTW some of the oil that the US produces is far better in quality than most of the Mid-East crude oils, yielding better light ends and middle distillates and saving $$$$ in the process and also better overall in the entire refining process.

OH why is India buying US crude, LNG and coal?

 

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On 7/31/2018 at 4:49 AM, Tom Kirkman said:

Welp, it's been a few weeks since my last gentle reminder nudge about the inexorable, incremental, slow-moving financial tsunami that is the PetroYuan.

Ignoring it won't make it go away.

China’s Oil Futures Contract Is Beginning to Show Its Teeth

Petrodollar will be showing signs of wear-and-tear in the very near future.

We have been documenting the demise of the dollar hegemony for the past several years and the past two years the pace of the demise seems to be moving like a rocket. All the little details since the global financial meltdown in 2008 are now converging and one of the biggest pieces is now showing its teeth – the Chinese oil futures contract priced in yuan is growing in such a way that by the years end, at the current pace of growth, this contract will present a real challenge to the petrodollar.

 

==============================

/ Side note, I'm in Jakarta this week for the Gas Indonesia exhibition at the Jakarta Convention Center.  Please feel free to drop by if you are nearby, and chew the fat about international oil & gas.

https://finance.yahoo.com/news/china-apos-pockets-may-not-182700308.html

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On 7/31/2018 at 4:49 AM, Tom Kirkman said:

Welp, it's been a few weeks since my last gentle reminder nudge about the inexorable, incremental, slow-moving financial tsunami that is the PetroYuan.

Ignoring it won't make it go away.

China’s Oil Futures Contract Is Beginning to Show Its Teeth

Petrodollar will be showing signs of wear-and-tear in the very near future.

We have been documenting the demise of the dollar hegemony for the past several years and the past two years the pace of the demise seems to be moving like a rocket. All the little details since the global financial meltdown in 2008 are now converging and one of the biggest pieces is now showing its teeth – the Chinese oil futures contract priced in yuan is growing in such a way that by the years end, at the current pace of growth, this contract will present a real challenge to the petrodollar.

 

==============================

/ Side note, I'm in Jakarta this week for the Gas Indonesia exhibition at the Jakarta Convention Center.  Please feel free to drop by if you are nearby, and chew the fat about international oil & gas.

https://finance.yahoo.com/news/china-not-surrender-u-demands-trade-talks-state-001007880--business.html

https://finance.yahoo.com/news/chinas-export-dependent-provinces-scramble-123841024.html

 

 

 

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13 hours ago, Bhimsen Pachawry said:

India has many problems due to historic reasons. Next, most of the homeless and slums you see in Mumbai is of migrants. Mumbai has majority migrants, not natives. You should have asked which is the native city/place and they would have told you Bihar, UP, Bangladesh etc.

I don't deny the problem in India but I realise that the problems exist because India did not have weekly congregation system in the past which weakened the society.

Compulsory is not necessarily force wise. In many societies like Japanese, the society is run on guilt, shame and honour. Also, since you have been to India, I think you know by now that Indians don't care much for laws and that may also be the reason for my mind to not go to use of law or punishment while thinking of compulsory. I think more in the lines of shame, guilt and expulsion from society rather than sending someone to jail! Cultural difference in enforcing norms and customs exist!

I am observing things more carefully. I am seeing a major attempt by Arabs taking advantage of petrodollar vulnerability of USA. You seem to be an emotional person who puts reason below emotions and unwilling to accept the reality. I am concerned that USA may end up transferring technology of advanced military items to Arabs via the democrat moles. If that starts happening, there will be no choice left for India but to initiate war right away.

 

You don't seem to understand. USA runs on petrodollars and Arabs have asked USA to leave. USA has proposed setting up of Middle East Strategic Alliance (MESA) before leaving to buy time. Also, USA has been producing oil at 4 billion barrels a year, again due to middle east asking USA to reduce oil imports. This will eventually lead to situation whereby USA will run out of oil and hence collapse. Why would I come to USA?

https://finance.yahoo.com/news/india-cuts-iranian-oil-imports-143000928.html

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On 7/31/2018 at 4:49 AM, Tom Kirkman said:

Welp, it's been a few weeks since my last gentle reminder nudge about the inexorable, incremental, slow-moving financial tsunami that is the PetroYuan.

Ignoring it won't make it go away.

China’s Oil Futures Contract Is Beginning to Show Its Teeth

Petrodollar will be showing signs of wear-and-tear in the very near future.

We have been documenting the demise of the dollar hegemony for the past several years and the past two years the pace of the demise seems to be moving like a rocket. All the little details since the global financial meltdown in 2008 are now converging and one of the biggest pieces is now showing its teeth – the Chinese oil futures contract priced in yuan is growing in such a way that by the years end, at the current pace of growth, this contract will present a real challenge to the petrodollar.

 

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/ Side note, I'm in Jakarta this week for the Gas Indonesia exhibition at the Jakarta Convention Center.  Please feel free to drop by if you are nearby, and chew the fat about international oil & gas.

China isnt the ferocious, financial powerhouse "Asian Tiger" yet to take on the US$ for global large scale petroleum trading and make a significant shift to their currency. I dont think it will even happen in our lifetime.

https://finance.yahoo.com/news/china-pretending-like-trade-war-isnt-happening-185859742.html

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