Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (820419)	12/2/2014 7:59:26 PM
From: tejek	Read Replies (3) \| Respond to of 1586528

Why is it that under Dem presidents.......America's economy and general well being improves and falls apart under R presidents. From the article you posted: U.S. Prestige The boom in U.S. energy output also enhances U.S. prestige, which had been dented by the global financial crisis that originated in America’s housing market, said Bruce Jones, a senior fellow at the *Brookings Institution* *in Washington.* “You talk to business people in China, and they are transfixed by the way the U.S. has generated this technological revolution in energy,” Jones said. China is another big winner, as it imports almost 60 percent of its crude, said Lin Boqiang, director of the energy economics research center at Xiamen University and an independent director of PetroChina Co. The world’s second-biggest economy probably will take advantage of the savings to build up its strategic reserves rather than dedicating the funds to increased spending on defense or the environment, according to Lin. The plunge in oil prices also gives the nation leverage in its dealings with Russia. The two countries signed a $400 billion, 30-year gas-supply accord in May during a summit in China, then deepened their energy ties earlier this month by signing a preliminary agreement for a second Russia-China pipeline. “China will always have an upper hand in dealing with Russia as long as crude prices stay low,” Lin said. “Russia needs the energy income dearly.”