SeaGypsy wrote:The car is an icon in Asia not a necessity the way it is seen in the west.
crude_intentions wrote:Savings + Production = Prosperity
Of course nothing changes the fact that all those cars are going to go flying off hubbert's curve in the end.
watercut wrote:This is not going to turn out well folks!!
DoomWarrior wrote:watercut wrote:This is not going to turn out well folks!!
This is going to turn out horribly for China ... with escalating dependence on fossil-fuels and massive amounts of resources wasted on oil-dependent infrastructures.
I hope the Chinese don't also fall for McMansions, fastfood drive-thru's, and major-league sports.
WildRose wrote:crude_intentions wrote:Savings + Production = Prosperity
Of course nothing changes the fact that all those cars are going to go flying off hubbert's curve in the end.
Yep, nothing will change that outcome, except for convincing them (and us) that taking public transportation, walking and biking
is the way of the future, and I know any mention of that where I live goes over like a lead balloon.
mattduke wrote:Once the multi-decade past-peak US' oil consumption comes to a grinding halt after the dollar crash, China will be able to increase it's oil consumption for many years, even despite the fact that global output will fall.
SeaGypsy wrote:Oil went up $5 this week. I think that's right off the back of stories like this coming out of China. The next big price strike could come way before the USA is ready to cope with it.
americandream wrote:Not going to happen. Factory China cannot survive without financial alchemist America and Britain to a lesser extent. The G20 will move these two anglo-saxon nerve centres of financial wizardry deeper into a financial services economy with manufacturing and outsourceable fringe services continuing their drift East. Guaranteed.
Doom is not about to happen - yet, not for a few decades at least. Oh, that other new bubble in the blowing - cleantech. Keep an eye on that one. Loads of service and manufacturing opportunities in there.mattduke wrote:Once the multi-decade past-peak US' oil consumption comes to a grinding halt after the dollar crash, China will be able to increase it's oil consumption for many years, even despite the fact that global output will fall.
SeaGypsy wrote:americandream wrote:Not going to happen. Factory China cannot survive without financial alchemist America and Britain to a lesser extent. The G20 will move these two anglo-saxon nerve centres of financial wizardry deeper into a financial services economy with manufacturing and outsourceable fringe services continuing their drift East. Guaranteed.
Doom is not about to happen - yet, not for a few decades at least. Oh, that other new bubble in the blowing - cleantech. Keep an eye on that one. Loads of service and manufacturing opportunities in there.mattduke wrote:Once the multi-decade past-peak US' oil consumption comes to a grinding halt after the dollar crash, China will be able to increase it's oil consumption for many years, even despite the fact that global output will fall.
I think you may be overestimating nationalistic persuations here. The key alchemists may well remain British and American for the forseeable future but they are people not nations.
I know of several people personally who have taken 6 month to 2 year contracts in China straight out of Uni in Australia; being hired to set up and manage factories in direct competition with those industries back home. Others have been headhunted from Australian, British and American firms as well as other industrialists. The same thing is happening in financial services lately.
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