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Peak Oil in Asia and oil import trends (part 2)
Peak Oil in Asia and oil import trends (part 2) We pick up the question from part 1: Fig 11: Homework for governments Let’s have a look where all the net imports into Asia have come from in the past: Fig 12: Asia net imports – overview BP’s data on inter area oil movements start […]
Peak Oil in Asia (part 1)
Peak Oil in Asia (part 1) According to data recently published in BP’s 2016 Statistical Review Asian oil production remained at around 8.3 mb/d for 4 years now. Fig 1: Asian oil production We see the dominance of China (52% of total). The peak for all other Asian countries together was already in 2000, 15 years ago, […]
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore By Singapore Business Review The three biggest banks are losing capital. A crisis of staggering proportions is looming in China, and tiny Singapore will be caught right in the middle of the storm once the disaster finally erupts. Speaking at the annual Barron’s roundtable, Swiss billionaire […]
For US and Russia, All Roads Lead to China
For US and Russia, All Roads Lead to China Recently I attended an event where the speaker referred to the interplay between economics and security in Asia as being that of Dr. Jekyll and Mr. Hyde. Dr. Jekyll represents the positive economic growth and interaction within the region, while Mr. Hyde represents the increasing security […]
Slouching Toward Global Disaster
Slouching Toward Global Disaster There are many disturbing signs that the West is creating conditions in the Middle East and Asia that could produce a wider war, most likely a new Cold War, containing, as well, menacing risks of World War III. The reckless confrontation with Russia along its borders, reinforced by provocative weapons deployments […]
Things Fall Apart
Things Fall Apart “Things fall apart”is an apt sub-title for historians to apply to the first half of the 21st century. The phrase properly describes the collapse of the domestic and foreign policy of the United States. Further, it also is appropriate to describe the happenings in Europe, the Middle East and Asia. Things fall apart describes the economy […]
BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points On Two Consecutive Days
BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points On Two Consecutive Days On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more […]
The Saudi Oil Price War Is Backfiring
The Saudi Oil Price War Is Backfiring Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have […]
Asia’s oil consumption at record high while production peaked in 2010
Asia’s oil consumption at record high while production peaked in 2010 The annual BP Statistical Review has come out, as usual in June. In this post we focus on the Asia Pacific region. This is important because the Australian government has offered the help of “Team Australia” to build the “Asian Century”. The question no one […]
Asian Financial Sector Hit Hard By Low Oil Prices
Asian Financial Sector Hit Hard By Low Oil Prices Cheap oil can often be a double edged sword. On the one hand, it has been beneficial for the emerging global economies of India and China, who seized the opportunity to expand their strategic petroleum reserves (SPR), while on the other hand, it has created an […]
Meanwhile In India, It Is So Hot The Roads Are Melting, “One Billion People Impacted”
Meanwhile In India, It Is So Hot The Roads Are Melting, “One Billion People Impacted” While we patiently await Wall Street’s weathermen, formerly known as economists, to blame the next swoon in US GDP on California’s relentless drought, now in its fourth year, we wonder how many double seasonally-adjusted, pro-forma, non-GAAP GDP points India’s blistering […]
BC LNG Lost Its Window of Opportunity, Study Finds
BC LNG Lost Its Window of Opportunity, Study Finds Projects unlikely to be economic for another decade: Oxford Institute energy report. The window of opportunity to capture Asian gas markets has eluded proposed liquefied natural gas projects in British Columbia, and as a consequence it is unlikely that any LNG projects will likely be commissioned […]
Great War of the American Empire or Great War II
Great War of the American Empire or Great War II Looking at a map of current American military engagements overseas, one cannot help but notice their wide geographical spread and their seemingly interminable nature. Battles have raged in Europe (Yugoslavia and Ukraine), in Africa, in the Middle East, and in central Asia. The American Empire […]
Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years
Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years “This is further evidence that they are hellbent on protecting their market share in China,” warns one strategist as just when US talking-heads thought things were ‘stabilizing’ Saudi Aramco slashes its official selling price for Arab Light crude by 90 cents to $2.30 a […]
This Week In Energy: Asian Energy Empire Expansion
This Week In Energy: Asian Energy Empire Expansion This week saw WTI prices break the psychological $50 threshold, compounding trader and oil company woes further. However, recent price updates from certain shale areas in the U.S. would seem to indicate many producers arereceiving far less for their oil (as low as $34 per barrel in some […]
