Saudis extra bullish. A whole decade? Dayum
Crazy.
I'm betting it's indiaIran will supply to whom ??
they are already selling to China and India ( and trading outside of the Petrodollar )
chances are Iran won't sell much to anyone who honors US sanctions
if the Saudis won't up production , there is even less chance Iran will ( and send it West .. where funds could be seized at any moment )
Ultimately they’ve got somewhere circa 1.3 million bpd sitting idle give or take a bit.Iran will supply to whom ??
China and India would make a lot of sense , am not sure they would help out Sri Lanka ( can't remember if Sri Lanka still has fuel refineries ) if Afghanistan had fuel refineries they would make an interesting destination .Ultimately they’ve got somewhere circa 1.3 million bpd sitting idle give or take a bit.
That’s a large portion of global spare capacity as per my previous post.
Someone somewhere will buy it almost certainly. Doesn’t matter who so long as it’s going somewhere. China perhaps?
yes a lot of events happening at 'convenient times 'Interesting.
China is also dealing with collapsing home sales. There re youtube videos of mortgagors refusing to payback loans as developers collapse and aren't delivering on homes.
Convenient that the Taiwan problem has begun to escalate...
This trainwreck has been coming for quite a while. People laughed at me when I pointed this out but china's demographics tells you everything you need to know really.Interesting.
China is also dealing with collapsing home sales. There re youtube videos of mortgagors refusing to payback loans as developers collapse and aren't delivering on homes.
Convenient that the Taiwan problem has begun to escalate...
yes the one-child policy , was certainly a bold initiative , especially in hindsight as we watch the consequences after that policy was relaxed ( not many families stepped up to embrace the two-child policy ) , and record-keeping on 'families ' is currently a mess ( as children were secretly adopted out )This trainwreck has been coming for quite a while. People laughed at me when I pointed this out but china's demographics tells you everything you need to know really.
Wo it, china would still be starving.yes the one-child policy , was certainly a bold initiative , especially in hindsight as we watch the consequences after that policy was relaxed ( not many families stepped up to embrace the two-child policy ) , and record-keeping on 'families ' is currently a mess ( as children were secretly adopted out )
and of course it also create a massive gender imbalance
it may yet be the CCP's largest blunder to date
funnily, China Reserve bank reduced rates today!!Wo it, china would still be starving.
By creating a 1 child policy, it also meant families were investing a lot into the only child so instead of 2 y11 graduates, you got a 1 university graduate.
It also raised the type of goods consummed from basics to higher level domestic consumption, and so allowed China's economy to detach itself from export only focus.
Most are unaware in the west, but we will discover after the fact that whatever we trumpet, we aka the west need China more than China needs us.
Ukraine repeat..and seeing how we learnt ftom past errors, not agood time to be, among others, Taiwanese...
My opinion..just compare the average Indian vs average Chinese.
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