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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (197888)	7/15/2017 3:14:23 PM
From: kidl	1 Recommendation Recommended By miraje Respond to of 206338

Since you mentioned Mexico's cartel problem. Mexico's Gasoline Thieves Go Full Mad Max As Competing Cartels Declare War On Each Other And The Army zerohedge.com

To: JimisJim who wrote (197888)	7/15/2017 4:34:11 PM
From: Elroy Jetson	2 Recommendations Recommended By DewDiligence_on_SI Sam Read Replies (1) \| Respond to of 206338

I think it became obvious to Chinese leaders that they were coming late to the oil party, with very costly to build and run refineries which used the available high sulfur crude as feedstock. This left China at an ongoing economic disadvantage and they found their US Dollars were not good when trying to buy Union Oil and other existing oil companies. Given this situation, it's only logical that China has mandated a quick shift to electric cars which can be powered by a more diverse mix of energy sources. For now Volvo will be China's primary international electric/hybrid car brand owned by Geely. The end result is oil consumption in China is going to grow at a far slower rate than "peak oil" proponents were counting on. China will continue to grow their use of natural gas from Russia to create electricity and power industrial uses like cement plants. The may not know this currently, but I think it's inevitable that India makes the same choice, with China supplying appropriate vehicles and infrastructure to India along with domestic producers like Tata and other foreign firms. I think it's clear Brazil's earlier diversification into sugar cane ethanol was not economically sustainable once the soil became depleted and required fertilizers - possibly a dead end on the chart of the evolutionary tree of energy production. While enhanced shale recovery has increased supply, greatly so if the price of oil rises, I think the primary cap on oil prices going forward is a much slower increase in oil consumption due to alternate energy sources and energy reducing technologies like the LEDs which took 4,000 watts out of our home. It's amazing how much lower our air conditioning usage is in the summer with those 4,000 watts of heat production gone.