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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (37794)	7/31/2008 8:39:15 PM
From: Rolla Coasta	Respond to of 217648

Only children fantasize about war; adults hate it. Only racists want war !

To: carranza2 who wrote (37794)	8/1/2008 7:26:27 PM
From: elmatador	Read Replies (1) \| Respond to of 217648

Mexico's unfolding oil crash. Pemex, is accustomed to being the victim of ill-conceived government meddling, probably because it provides close to 40 percent of the government's revenue. startribune.com Pemex also is in decline. Since 2005, daily production has dropped more than 300,000 barrels per day, or roughly 10 percent -- and this at a time of historically high global prices. Reserves have been falling since the mid-1980s. This is relevant to U.S. consumers, because Mexico is the second-largest exporter of oil to the United States, behind Canada. Mexico, which is not a member of the Organization of Petroleum Exporting Countries, was the world's sixth-largest oil producer in 2006. But many analysts believe that Mexican production has peaked and will decline in coming years, according to the U.S. Energy Information Administration. Combine declining production with Pemex's out-size contribution to the Mexican government's annual budget, and the need for reform appears urgent. Since the beginning of the year, Mexican politicians have been wrapped up in a debate about how to revive Pemex, which controls all aspects of oil in Mexico, from offshore exploration to the gas pump. It is riddled with wastefulness. Mexico has to import more than 40 percent of its gasoline because of a lack of refining capacity. It then resells it at subsidized prices to the public. About $20 billion will be spent on the subsidy this year. It is hard to get rid of, because of the direct political impact that ending it would have and because of fear of provoking inflation. All parties agree that things look bad. There is also some consensus that deep-water exploration of the type that has been so successful in Brazil is now necessary. But there is no agreement about how to fund it, or where to obtain the technical expertise for deep-water drilling. This reveals much about Mexico's underlying thinking about the respective roles of the state and the private sector.

To: carranza2 who wrote (37794)	8/2/2008 10:33:43 AM
From: elmatador	Respond to of 217648

Vietnam came up and needed attention. Although little, the potential is big as Vietnam skyrockets. "Bilateral trade turnover between Viet Nam and Brazil rose from US$75 million in 2004 to $323 million last year." This surely will get to a billion soon. Lula goes there, the Olympic team was there playing football this week and things astart to happen. "The (Lula) visit takes place as friendship and co-operation between Viet Nam and Brazil are enjoying a period of strong development and active progress, especially since the official visit to Brazil by Party General Secretary Nong Duc Manh in May last year, which concluded with a Joint Declaration affirming the two nations’ determination to develop comprehensive partnership relations." Vietnam is a branch of Chinese shopfloor. "...primary exports to Brazil are coal, rice, textile and garment products, footwear, tyres and inner tubes for motorbikes and bicycles, dried copra, furniture, electronic equipment, and fine-arts products. Viet Nam’s imports from Brazil mainly consist of soy bean powder and oil, steel, pulp, eucalyptus wood and leather. After this visit -which most likely was whispering in the ears of the Vietnamese for them to get out of China's shadow- things strat looking more promising and we notch one more country in the change of the geography of trade.