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  1. #601
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    Australia loses as China reportedly buys more US LNG

    Australia is set to suffer great losses in its energy trade with China, as China now reportedly seeks to lock in long-term liquefied natural gas (LNG) supplies from the US, following the recent power crunch caused by surging coal prices.

    At least five Chinese firms, including oil giant Sinopec Corp and China National Offshore Oil Co (CNOOC), are in discussions with US exporters, mainly Cheniere Energy and Venture Global, about potential LNG deals, Reuters reported, citing anonymous sources.

    Sinopec alone could be eyeing 4 million tons annually, the report said.

    If the reported deals were to materialize, Australia, a main LNG supplier for China, will stand to lose, analysts said.

    "It is obvious that Australia suffered great losses as an energy source for China," Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Sunday.

    As diplomatic tension has a big impact on trade, "it is natural for China to diversify LNG imports, for example, buying more from the US after its relations with Australia froze," Lin noted.

    According to statistics from Chinese customs, China imported 5.4 million tons of LNG from the US from January to August, skyrocketing 375 percent compared with the same period in 2020.

    By comparison, China bought 20.5 million tons of LNG from Australia in the first eight months, similar to the level of 19.1 million tons last year.

    Australia loses as China reportedly buys more US LNG - Global Times



    Not like they're rubbing it in, right? That would be beneath them.

  2. #602
    Thailand Expat harrybarracuda's Avatar
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    Punishment for having to use that coal is it?


  3. #603
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    After waging a trade war for over a year, China now begs Australia for its entry into CPTPP


    China has finally come to terms with the fact that it is not all that mighty which it has believed itself to be. After having waged a failed economic and trade war against Australia, the Communist nation of China is back to begging for a seat on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and Canberra holds the key to Beijing’s fortunes now. China stands isolated today. The only negotiations it is having are with countries who owe it money but do not have the means to pay back. The world simply reposes no trust in China, and domestically, the red rogue country is seething with a colourful variety of problems which range from a disgruntled populace to a shaky economy and a hostile environment for businesses.
    To improve its geopolitical standing, China now desperately wants to be part of regional economic blocs which matter. In line with the same, China is lobbying the Australian government for its support to join a multilateral regional trade pact called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or the CPTPP. The CPTPP is an 11-nation trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
    After waging a trade war for over a year, China now begs Australia for its entry into CPTPP

  4. #604
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    China is shutting down Aluminium, Textile and many more industries


    China is losing the most basic necessity of human civilisation- electricity. Till now, we only knew how the Chinese steel mills, aluminum manufacturing and power sector may be suffering in lack of thermal coal. However, China’s power woes could be much bigger and brutal than what we imagined.
    Javier Blas, Chief Energy Correspondent at Bloomberg News, tweeted, “CHINA ENERGY CRUNCH: The electricity shortages in China are worsening, and widening geographically. It’s getting so bad Beijing is now asking some food processors (like soybean crushing plants) to shut down.” A report says, “from aluminum smelters to textiles producers and soybean processing plants, factories are being ordered to curb activity or — in some instances — shut altogether.





    Electricity shortage : China is shutting down Aluminum, Textile industries

  5. #605
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  6. #606
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    ^ Quality stuff to rival China's propaganda

  7. #607
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    Quote Originally Posted by panama hat View Post
    ^ Quality stuff to rival China's propaganda
    Yep, but they don't come close...

  8. #608
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    Australia attacks China's policy of economic punishment at the WTO, accuses it of contravening rules

    Australian diplomats have used a regular international review of China's trade policies to blast Beijing's campaign of economic punishment against Australia, warning its behaviour could drive away trading partners and undermine international confidence in China.

    Australia V China-5d3d6145ea3fcc1cc370b667389d198d-jpg

    Key points:

    Australia's WTO representative has explicitly accused China of imposing restrictions on goods in political retaliation

    The new comments may signal Australia is willing to leverage its position as a signatory of the CPTPP

    The Australia-China relationship remains hostile after disputes over trade, political interference, and COVID-19's origins

    China's government has hit a range of Australian goods – including barley, wine, timber, lobsters, cotton and coal — with both formal and informal sanctions, including crippling tariffs, import suspensions and long delays at customs.

    In an unusually forceful statement, Australia's representative to the World Trade Organisation, George Mina, said China had "increasingly tested global trade rules" with its behaviour and that Australia was one of "numerous WTO members" who had faced disruptive measures from the Chinese government.

    Mr Mina said that China's tactics included "arbitrary border inspections", "unwarranted delays" on import licences and "the imposition of anti-dumping and countervailing duties" which had "severely limited or ended" trade across more than a dozen Australian commodities.

    "The implications of China's actions go beyond their impact on Australian exporters — they raise the risk and uncertainty of the China market for the global business community," his statement reads.

    "By undermining agreed trade rules China also undermines the multilateral trading system on which all WTO members rely."

    "China has assured members of its commitment to the rules based order; but from our viewpoint there is a growing gap between China's rhetoric and its actions," it says.

    China's trade war backfire
    A graphic image of a puzzle with the Chinese and Australian flag imprinted, some missing pieces

    Much to the chagrin of the Beijing bureaucracy, Australian trade is booming, driving a rapid turnaround from the COVID-inspired crunch that crippled the global economy last year, writes Ian Verrender.
    Read more

    Mr Mina also explicitly accused China of imposing the restrictions on Australian goods in retaliation for political disputes, saying there was a "growing body of evidence" that its actions were "motivated by political considerations."

    He quoted Chinese Foreign Ministry spokesman Zhao Lijian, who earlier this year said that Australia would not be able to "reap benefits" from doing business with China while "groundlessly accusing and smearing China."

    Mr Mina also said there were "credible reports" that Chinese authorities had instructed importers not to purchase certain products, which was "contrary to WTO rules."
    A 'name and shame campaign'

    Jeffrey Wilson from the Perth USAsia Centre said Australian officials were using the WTO Trade Policy Review to target China's grey-zone trade punishments by "calling a spade a spade" in a "classic name and shame campaign."

    "By so forcefully making this statement in Geneva, Australia is saying this is no longer a bilateral issue. Rather, it cuts to whether China is a compliant member of the WTO, and the negative impacts this has on the integrity of a rules-based global trade system," Mr Wilson said.

    "By re-framing this as being about China's behaviour as a rule-abiding member of the global economy, it allows Australia to marshal an international coalition against its coercive trade practices."
    Former prime minister Tony Abbott speaks at an event next to Taiwan's president Tsai Ing-wen, October 2021.
    Remarks made by former prime minister Tony Abbott in Taiwan upset Chinese officials.(Reuters: Central News Agency/File photo)

    While the Chinese government hasn't substantially escalated its campaign of trade punishment this year, the Australia-China relationship remains mired in hostility.

    Australian Ministers are still being denied access to their Chinese counterparts, and Beijing recently stoked fresh suspicion in Canberra by suspending trade with a ninth Australian abattoir, citing chemical contamination.

    Earlier this month, former prime minister Tony Abbott also drew a furious response from the mainland when he gave a speech in Taiwan accusing Chinese authorities of bullying and intimidating the self-ruled island.

    The Chinese Embassy called Mr Abbott a "failed and pitiful" figure, while Chinese state media warned that "the worst is probably yet to come" in the Australia-China relationship because politicians in Canberra were "increasingly hostile" towards Beijing.

    However, power shortages seem to have forced Chinese authorities to relax their informal ban on Australian coal imports.
    Australia leverages its position

    Mr Mina's comments may also signal that Australia is willing to use its position as a signatory of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to press Beijing to cease its campaign of economic coercion.
    The battle of global superpowers
    Chinese President Xi Jinping waves from the sunroof of a car as he addresses a military parade in China.

    China is a great power and demands to be treated as such. It is clearly not a democracy but that doesn't mean its rise is not legitimate. So, what do we do about it?
    Read more

    China's government has declared it wants to join the CPTPP — a free trade agreement which encompasses Australia and several other Pacific rim nations.

    But Australia, along with the other 10 countries which have signed the pact, would have to agree to kickstart negotiations before Beijing could join.

    The government has not ruled out backing China's bid, but Trade Minister Dan Tehan has made it clear that Australia would only enter discussions on the subject at a ministerial level, which would force Beijing to drop its undeclared ban on top-level meetings between the two countries.

    Mr Tehan also said that CPTPP members would have to be confident that countries wanting to join would "implement and adhere to the high standards of the agreement" as well as demonstrating "a track record of compliance with its commitments in the WTO and existing trade agreements."

    https://www.abc. net.au/news/2021-10-21/australia-wto-blasts-china-economic-punishment-retaliation/100555410

  9. #609
    Thailand Expat harrybarracuda's Avatar
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    The chinkies are trying to blackmail the convicts into letting them into the CPTPP.

    This is where Biden should step in.

    It would be hilarious seeing the chinkies lose their shit.

  10. #610
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    Quote Originally Posted by Looper View Post
    Mr Tehan also said that CPTPP members would have to be confident that countries wanting to join would "implement and adhere to the high standards of the agreement" as well as demonstrating "a track record of compliance with its commitments in the WTO and existing trade agreements."
    That's China fu@ked then

  11. #611
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    its behaviour could drive away trading partners
    Yes orrstralia, quite so.

  12. #612
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    Oh dear, the chinkies might have to put the convicts on the back burner for a while. Some new dummy spitting required.


    BRUSSELS, Oct 21 (Reuters) - The European Union must deepen ties with Taiwan and start work on an investment deal with the island, EU lawmakers said in a resolution adopted on Thursday, angering Beijing, whose similar deal with the EU struck in 2020 has been put on ice.
    The European Parliament in the French city of Strasbourg, with a majority of 580 to 26 votes, backed the non-binding resolution requesting the bloc's executive European Commission "urgently begin an impact assessment, public consultation and scoping exercise on a bilateral investment agreement".
    The lawmakers also demanded the bloc's trade office in Taipei to be renamed the European Union office in Taiwan, in effect upgrading the mission though neither the EU nor its member states have formal diplomatic ties with Taiwan, which China claims as its own territory.
    Chinese Foreign Ministry spokesman Wang Wenbin offered "strong condemnation".

    "The EU parliament should immediately stop words and actions that undermine China's sovereignty and territorial integrity," he told reporters in Beijing.
    Taiwan's Foreign Ministry expressed thanks for the support, saying the resolution will "set a new milestone" for its ties with the bloc.
    Military tensions between China and Taiwan have increased, with Taipei saying Beijing will be capable of mounting a "full scale" invasion of the island by 2025.
    The EU added Taiwan to its list of trade partners eligible for an investment deal in 2015, but has not held talks with the democratically ruled island on the issue since then, although Taipei is keen on striking an agreement.

    A similar investment deal agreed last year between the EU and its major trade partner China has been blocked for months. The European Parliament put its ratification on ice after Beijing imposed sanctions on EU lawmakers in a human rights dispute.
    The tech powerhouse Taiwan, meanwhile, has become increasingly attractive for the EU amid a global shortage of semiconductors that has Brussels lobbying for key Taiwanese chip makers to invest in the bloc as they have done in the United States.
    EU lawmakers push for closer ties with Taiwan, drawing Chinese anger | Reuters

  13. #613
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    US, allies 'biggest beneficiaries' of Australia's $17b China trade row, report finds

    Australia's closest security allies, led by the United States, have been the biggest beneficiaries of Beijing's campaign of economic coercion against Canberra, a report has found.

    More than 18 months after China kicked off the trade war against Australia amid a series of spats between the two countries, the University of Technology Sydney found it was Canberra's partners who were picking up much of the slack.

    UTS's Australia-China Relations Institute has released figures that show the value of 12 Australian exports to China affected by sanctions fell by $US12.6 billion ($17.3b) in the first nine months of this year compared with 2019.

    During the same period, the value of US exports of the same commodities increased by $US4.6 billion ($6.3 billion), while those of Canada and New Zealand jumped by $US1.1b and $US786 million, respectively.

    Insitute director James Laurenceson said the data showed Australia's pursuit of closer security ties with the US and other western democracies was not stopping its allies from capitalising on its trade predicament.

    "Of course, the US is our great security ally and strategic mate," Dr Laurenceson said.

    "Sometimes we get very excited by US-based commentators, and indeed senior Biden officials, saying, 'We will stand shoulder to shoulder with Australia.'

    "But actually when you dig into the trade data, the United States is the country that's stealing more Australian sales in China than any other country.

    "So strategic friends can be fierce commercial rivals and that's exactly what we're seeing."

    Australia bears costs 'alone'

    Over several months from May 2020, Australian exporters were hit with a series of crippling trade strikes by Beijing over grievances that included "siding with the US' anti-China campaign".

    Among the industries affected by the measures were coal, barley, beef, timber, lobster and wine.

    The university found that in some cases, the value of the targeted trades fell to zero, while in many other cases exports were reduced dramatically.

    Dr Laurenceson said the actions of the US and other Australian allies were understandable and in the national interests of those countries.

    But he said it was imperative Australia faced up to the cost of its own actions, which he argued had been hidden by record prices for iron ore, the country's biggest export to China.

    He said the university's analysis had shown that despite the increasingly popular belief that western economies were "decoupling" from a bloc led by China, the numbers suggested otherwise.

    "I'm not suggesting we should back down because Beijing threatens us," he said.

    "But what I am suggesting is that we should be very clear on what the costs are and who is bearing those costs — and it is Australia and Australian producers alone."

    Trade flows 'not coordinated'

    Perth USAsia Centre research director Jeffrey Wilson said any increase in sales by the US and other allies to China was coincidental rather than coordinated.

    He said companies traded with each other, not governments.

    "What we've seen since China's trade sanctions against Australia is a great reordering of who trades with whom," Dr Wilson said.

    "It's a little bit like when you dam a river in a complex river system, the water finds other ways to flow complexly around the barrier you put in place.

    "And so what we're really seeing is international commercial businesses and markets adjusting around that dam wall between Australia and China, basically on commercial grounds."

    Dr Wilson noted countries not regarded as Australia's allies, such as Russia, had also benefited from the trade row by increasing the sales of goods such as coal, which highlighted the unpredictable nature of the fallout.

    He argued that a bigger issue at play was China's refusal to play by the rules of global trade.

    "It's not the role of government to tell companies who they should sell to," Dr Wilson said.

    "But it is the role of government to enforce global rules, and so much of the Australia-US discussion is on that basis.

    "At no point does Australia ask the US to stop selling things to other countries — our request is that we work together to ensure China complies with a set of international rules it agreed to … and over the last 18 months has felt simply doesn't apply in its dealing with Australia."

    'Don't have to sell your soul'

    At Pingrup, a grain growing town 355 kilometres south-east of Perth, Doug Smith's barley harvest is well underway.

    WA is expecting a record barley crop of 5.3 million tonnes.

    Up until last year, much of the crop would have been bound for the world's most lucrative barley market — China.

    But after Beijing blacklisted Australia's barley exports, Mr Smith said the grain was destined for other markets that paid much less.

    "Most of our barley now goes into probably the cheapest barley market in the world, which is the Saudi feed market," Mr Smith said.

    "And just at the moment we're seeing a major disparity between the prices we're getting paid as growers in WA and what the international price for feed barley actually is.

    "We're seeing disparity of around $140 [a tonne]."

    Days after Defence Minister Peter Dutton suggested Taiwan could be the first domino to fall in a campaign by Beijing to dominate the Indo-Pacific region, Mr Smith said he hoped Australia could find a better balance in its relations with China.

    "Other countries have shown that you don't actually have to sell your soul to do business and I think you need to be able to negotiate something that's fair," he said.

    "I think there is still room for that.

    "It's probably not quite at that stage, but I'm hoping that we're getting closer to some more common sense."

    US, allies 'biggest beneficiaries' of Australia's $17b China trade row, report finds (msn.com)




    China's tariffs are squeezing the life out of the Australian wine industry's most lucrative market


    Key points:


    • Wine exports to mainland China have dropped from 121 million litres to 10 million litres
    • The pandemic, storms and a global shipping crisis have made developing new markets difficult
    • The UK is now Australia's largest market by volume and value



    Wine imports from Australia declined by 88 million litres in the 12 months to September, with only 55 million litres picked up through increased imports from other countries.
    "I think that could be attributed to the fact that people are actually drinking more Chinese wine; they do have a significant amount of vineyards in China," Ms Triggs said.

    The main countries to capitalise on Australia's gap in the market are Chile and Spain, whose wine imports come at a much lower average price.
    China's tariffs are squeezing the life out of the Australian wine industry's most lucrative market - ABC News
    Last edited by sabang; 30-11-2021 at 04:07 AM.

  14. #614
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    Key points:



    • Wine exports to mainland China have dropped from 121 million litres to 10 million litres
    • The pandemic, storms and a global shipping crisis have made developing new markets difficult
    • The UK is now Australia's largest market by volume and value
    • ​The chinkies are a bunch of whiny snowflakes

    The next post may be brought to you by my little bitch Spamdreth

  15. #615
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    Anyway, now $20 for 2 good sized lobster tails at Aldi! That's less than half last years price. I bet the local Chinese are lapping them up.

    The wine producers are not as generous- I guess they can hang on to stock for a while. But still decent bargains to be had.
    Last edited by sabang; 30-11-2021 at 03:19 PM.

  16. #616
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    Quote Originally Posted by sabang View Post
    Ex Australian naval officer too, and obviously an aussie citizen. Somehow can't imagine you ever did time in the Armed forces of any country!




    Oh FFS. Did you hurt your back pointing at some swabie to pull in a refugee from a boat or something? It's been a long time since the Australian Navy was a dangerous occupation. There is more deaths in the construction industry in Australia in one year than there has been in the entire navy since WW2.
    Noone should object to an alternate opinion, whether one agrees with you or not. But there is a difference between an alternative objective view and a full time pro China OHOH replacement propagandist and as such you now have about as much credibility as he does.
    There are many here who have pointed out mistakes by the USAand its allies, including myself and they are many and varied. Here's a few to give you and OhOh a warm fuzzy feeling. Vietnam Iraq Afghanistan Abhu Grav, Rendition, Bay of Pigs, Cuba, Guantanamo Bay, UN convention on mines, cluster bombs, torture, all their fuck ups and shady dealings with South American dictators etc, etc. All of which shows they are very,very far from perfect.
    In saying that, If anyone thinks the world would be better off with a rising China and Russia and a weak and ineffective USA to counter them, they are delusional. The EU doesnt have the balls to do it and besides, they're to busy deciding whether the white porcelain toilets bowls in the parliamentary bog maybe a product of european patriarchal white supremacist culture or not.
    Last edited by Hugh Cow; 02-12-2021 at 09:29 AM.

  17. #617
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    TBH my basic underlying point is that it is now effectively a Bipolar world order, nothing you can do about that uncle sam, so learn to live with it. Or split the world in two- and be stuck with the slow growth part. Don't be like my parents generation, lamenting the glories of yesterdays lost Empire. And calling the yanks colonials!

    From the PoV of the rest of us, is that necessarily such a bad thing? Is a monopoly of power necessarily a good thing? Has US foreign policy this century been particularly enlightened, or successful to date? Anyway, whatever your viewpoint on that- it changes nothing. It is what it is- why exist in the previous century?


    And I will have you know I suffered quite a serious ankle injury while jogging as a naval officer. Almost as dangerous as jogging while black in amerka!

  18. #618
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    Quote Originally Posted by sabang View Post
    Anyway, now $20 for 2 good sized lobster tails at Aldi!
    I never ever go into scummy Aldi except that I was tempted by your tale of $20 tails

    I go in to the gypsy shit pit tonight and lo and behold they are actually $29 and they are also out of stock

    Australia V China-img_20211202_222050-jpg


    Well deserved red cent

  19. #619
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    Oh, for shame. $19.99 here in Sth Oz- but that is probably to do with the fact the southern rock lobster comes from here.

  20. #620
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    Quote Originally Posted by sabang View Post
    TBH my basic underlying point is that it is now effectively a Bipolar world order, nothing you can do about that uncle sam, so learn to live with it. Or split the world in two- and be stuck with the slow growth part. Don't be like my parents generation, lamenting the glories of yesterdays lost Empire. And calling the yanks colonials!

    From the PoV of the rest of us, is that necessarily such a bad thing? Is a monopoly of power necessarily a good thing? Has US foreign policy this century been particularly enlightened, or successful to date? Anyway, whatever your viewpoint on that- it changes nothing. It is what it is- why exist in the previous century?


    And I will have you know I suffered quite a serious ankle injury while jogging as a naval officer. Almost as dangerous as jogging while black in amerka!
    I think it is you that is missing the point. The failure to stand up to autocratic regimes/dictatorships has ended in catastrophic wars. The theory that cooperation and trade with China would eventually bring about peaceful democratic change has been disproven. Gradual financial isolation may not bring change but it will limit Chinas' ability to harm and interfere in other nation states. Likewise Russia. If the EU had weened themselves off of Russian Gas and other trade years ago Russia would not be the problem it is today. It is ludicrous for the EU to be buying from the very country that is its' biggest threat. Financial isolation is a blunt instrument and often hurts ordinary people but it is infinitely better than war. Change must come from within and gradual change is generally better. It will only happen when the people realise their problems caused by economic isolation are due to their own governments and hold them to account.

  21. #621
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    Gradual financial isolation may not bring change but it will limit Chinas' ability to harm and interfere in other nation states
    Excuse me Hugh, but who exactly is meddling in other nation states this century? Should we bring sanctions against the USA then, and 'economically isolate' them? Not to mention the ankle biters that accompany them on these military invasions?

  22. #622
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    Quote Originally Posted by Looper View Post
    Jeffrey Wilson from the Perth USAsia Centre said Australian officials were using the WTO Trade Policy Review to target China's grey-zone trade punishments by "calling a spade a spade" in a "classic name and shame campaign."
    How many wins has OZ had against China, in the WTO court?

    Many countries try and fail, some win.

    Unfortunately, due to NaGastani problems, there are not many WTO judges and consequently any disputes await years to be decided.

    Quote Originally Posted by Looper View Post
    Much to the chagrin of the Beijing bureaucracy, Australian trade is booming, driving a rapid turnaround from the COVID-inspired crunch that crippled the global economy last year, writes Ian Verrender.
    As for OZ GDP, far from growing, it's currently, December 2021, in a shrinking phase:

    Australia GDP Growth Rate

    Australia V China-australia-gdp-growth-2x-jpg
    A tray full of GOLD is not worth a moment in time.

  23. #623
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    Quote Originally Posted by Hugh Cow View Post
    If the EU had weened themselves off of Russian Gas and other trade years ago Russia would not be the problem it is today.
    That was the plan, unfortunately the EU left the previously agreed price mechanism, on a 5 yearly contract, to choose the financially manipulated spot market.

    They dropped their existing proven methods to keep their citizens warm, their factories humming and allowed others to cause the NS2 pipeline to be sanctioned and slowed downed.

    Coupled with the assumption that alternate supplies would be available. As some suggested they had an alternative supply to fill the void. In addition, their adopted energy supply technologies have failed to provide the expected solution.

    As another NaGastani vassal, OZ GDP losses were NaGastani's gains, has found to its cost, the alternate supplies are not available due to their source preferring greater profits from Asia as opposed to assisting their vassals in Europe.

    Quote Originally Posted by Hugh Cow View Post
    It is ludicrous for the EU to be buying from the very country that is its' biggest threat.
    Who that threat is, is questionable.

  24. #624
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    Australia's supply chain could COLLAPSE next month because of China

    Australia's supply chain is at risk of collapsing next month as a shortage of a Chinese-made chemical stops diesel trucks from even starting.
    Half of Australia's long-haul truck fleet has a diesel engine and without sufficient supplies of the environmental additive urea, essential transport is likely to be grounded.
    A transport crisis could spark a new round of panic buying reminiscent of the run on toilet paper seen during the early days of the pandemic in 2020.
    Diesel SUVs and utes would also be unable to move without the substance used to reduce the amount of pollutant nitric oxidex going into the atmosphere.

    Australia's top-selling vehicle the Ford Ranger is only available as a diesel, highlighting how many owners of utes and popular four-wheel drives could be stranded during this summer holiday season.


    What is urea?

    Urea is commonly used as a fertiliser but a more refined version is added to diesel engines to reduce nitric oxidex exhaust fumes
    This diesel exhaust fuel is marketed in Australia as AdBlue containing 32 per cent urea and 68 per cent de-ionised water
    The product, injected into the exhaust system, is used in diesel cars along with civil construction and farming machinery
    China supplies 80 per cent of the Asia-Pacific region's diesel-grade urea
    Source: National Road Transport Association


    China's authorities have this year suspended the export of urea phosphate, which is mainly used as a fertiliser, to contain food prices.
    Australia only has eight weeks' of supply left but there are fears it could run out well before then, with China providing 80 per cent of supplies in the Asia-Pacific region.
    Chemical manufacturer Incitec Pivot was Australia's only urea maker but its Brisbane plant is closing in 2022 and Daily Mail Australia understands urea is no longer produced at Gibson Island as the factory is repurposed.
    The situation is so bad the National Road Transport Association is holding crisis talks with Deputy Prime Minister Barnaby Joyce's office on Friday afternoon.
    The group's Warren Clark said a urea shortage would have far-reaching implications for the economy.
    'Our industry isn't the only one that will be affected, but we will be hit first and hardest,' he said.
    Shaws Darwin Transport managing director Allan Thornley, a board member of the National Road Transport Association, said all trucks less than five years' old would be grounded without sufficient urea supplies.
    'We've got no transport service, your entire supply network collapses,' he told Melbourne radio 3AW broadcaster Neil Mitchell.
    'All late model trucks use the additive.


    'It's been in trucks for the last 10 years, and pretty much mandatory on every heavy vehicle for the last five, so any truck that's less than the five years' old you would safely say won't be able to run.'
    China supplies more than 80 per cent of urea in the Asia-Pacific region and the Communist government's export ban means Australia has only eight weeks' of supply left.
    Mr Thornley, a former president of the National Road Transport Association, said Australia's supplies were likely to run out next month.
    'We're told no supplies after the end of January,' Mr Thornley said.
    Australia's supply chain could COLLAPSE next month because of China (msn.com)


    I can hear it now-

    "Hey China, me old friend, can you help us out a bit, your digger mates down unda? We gotta real problem here."

    "Hey, China. Hello. Are you there?"

    "Anyone listening?"

    "Helloooo......"


    ........................................


    Ain't payback Hell.
    Last edited by sabang; 03-12-2021 at 09:58 PM.

  25. #625
    Thailand Expat harrybarracuda's Avatar
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    Good. Everyone is trying to get away from diesel.

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