SumYunGai wrote:Just because you have done some math, it doesn't make what you are claiming true. Your math is basically a semantic trick, attempting to down play the effect of oil prices on the world economy by claiming that people have plenty of money. But your whole approach really makes no sense at all. No matter how much money people have to spend, every penny of oil price increase is one less penny they have to spend on other things. Think about it.
I thought you ETP guys were all about using math to prove a point? I tried using common sense arguments but they bounce right off of you. I tried showing you the facts of years of oil demand growth with $100 oil but those arguments bounce right off of you. I guess it's my fault for trying to argue facts with a zealot.
SumYunGai wrote:So Chinese salaries increased 7% and the only thing the Chinese need to spend that increase on is oil? Did you factor in inflation? Rising housing costs?
Monetary wages increased 8%.
Real wages(after factoring in inflation), increased 6.3%.
SumYunGai wrote:Really now? Do you have the stats for next year, and the year after, and the year after that, etc?
China has been raising it's wages steadily and substantially for the past
10 years China's slowing economy will mean slower wage growth going forward so China will not be seeing double digit wage growth going forward as it did in the past. However even the authorities who want to limit wage growth will not stop it completely and speak of "slowing down" the rate of wage growth. So yes, I am confident that wage growth in China will continue in the years again.
SumYunGai wrote:You are so right about kublikhan. I think I said before that I have a tendency to skim kublikhan's useless posts for some reason. Now we have specified that reason.
Oh please. You know damn well why you "skimmed over my useless posts" from the get go. It's because you are Whatever who is back under a new name evading your mod ban.
SumYunGai wrote:And kublikhan is not the only one who writes useless posts. Another good example is ennui. His childish posts are designed to be jarring, distracting, and to degrade the overall tone of the thread, dragging everyone into the gutter with him. I would post links to several examples, but there is really no reason to. I expect ennui himself will soon submit another shinning example.
Says the guy who got banned from every forum he ever posted in. I would expect your kind of behavoir from a bored 12 year old troll. Not someone your age. Exactly how many forums have you gotten banned from? Let's see, there was:
1.
PeakOilBarrel.com2.
OilDrum3.
Let's not forget this site4.
The Archdruid Report5.
Doomstead Diner6.
SciFi Forums7.
ScienceForums8. I liked this post talking about you:
we got a poster affectionately dubbed on the Diner as “F-bomb” (real handle Futilitist) who made everyone so miserable I had to come up with an even DEEPER level of imprisonment, which I dubbed the Dungeon. F-bomb is the only resident of the Dungeon.
The Burning Platform
The oil barrel is half-full.