The Baltic Dry Index/Shipping

Tue Feb 21, 2012 11:00 am by ralfy

mcgowanjm wrote:
http://billhicksisdead.blogspot.com/

Old Norseman and Ralfy might be oddities here at TOA, but too representative
of the Best of the Cornies...as seen just now on CSPAN.

Talking about Gas Prices. But it's like we're at 1979 again

Blaming the Very Same ole Same ole.
While the BDI rolls over from it's Dead Bankster Bounce,
going down for the last time.

And of course Anyone mentioning PO or Cratering Consumption being exactly
the Energy Independence Every POTUS since Nixon have promoted on the SOTU
is shutdown.

But I don't think they get anyone like that....

But demand is still rising in China:

china-oil-imports-at-record-high-t6486.html

Is it possible that we're looking at demand destruction for various luxuries coupled with increasing demand for resources needed for necessities, thus leading to high oil and food prices?

Finally, I don't understand how my views represent that of "cornies," as the situation I describe actually makes matters worse, i.e., demand destruction for non-necessities leading to a weakening of a global economy that's heavily reliant on such, and increasing demand for water, oil, food, medicine, and other necessities leading to high prices, shortages, etc.

Tue Feb 21, 2012 8:50 pm by mcgowanjm

ralfy wrote:Finally, I don't understand how my views represent that of "cornies," as the situation I describe actually makes matters worse, i.e., demand destruction for non-necessities leading to a weakening of a global economy that's heavily reliant on such, and increasing demand for water, oil, food, medicine, and other necessities leading to high prices, shortages, etc.

Only that I think China is imploding now.

Could you source China's Oil Imports for me? Thanx.

Edit: Thanx Ralfy. Got your Link above. This is new news to me.

As is this:

TOP HEADLINES
o Iran's Bid for New Crude Buyers Falls Short in Southeast Asia

HOT ON FACEBOOK
Saudi Arabia Cuts Oil Output, Export: Industry Report
Published: Sunday, 19 Feb 2012 | 7:32 AM ET
Text Size
By: Yousef Gamal El-Din
CNBC Anchor

China taking EVERYTHING Iran is putting out is my first thought.

Tue Feb 21, 2012 9:04 pm by mcgowanjm

So somehow the world's two most indebted countries (recall that Japan is about to in total pass 1 quadrillion debt) are out there and buying up the biggest amount of US debt (after the Fed of course)? Sorry, but while we are amusing by this attempt by the global ponzi regime to keep itself alive (even as Russia and China prudently step aside from the mauling that is sure to follow), whereby the most indebted nations keep buying each other's debt in the most transparent and potentially deadly shell game in history, we are also confident this is unsustainable.

(even as Russia and China prudently step aside from the mauling that is sure to follow),

← Older posts
February 21, 2012
Japan Has Record Trade Deficit Due To High Oil Prices Caused By US Boycott Of Iran

While China has become the Largest Importer of MENA crude.
the US demands Japan boycott Iran is killing Japan, big time.

A Twofer for China:
Keeping Iran in the Game and crushing the USSA's Biggest Asian Colony...
why not....

Wed Feb 22, 2012 12:44 am by ralfy

mcgowanjm wrote:Only that I think China is imploding now.

Could you source China's Oil Imports for me? Thanx.

Edit: Thanx Ralfy. Got your Link above. This is new news to me.

As is this:

TOP HEADLINES
o Iran's Bid for New Crude Buyers Falls Short in Southeast Asia

HOT ON FACEBOOK
Saudi Arabia Cuts Oil Output, Export: Industry Report
Published: Sunday, 19 Feb 2012 | 7:32 AM ET
Text Size
By: Yousef Gamal El-Din
CNBC Anchor

China taking EVERYTHING Iran is putting out is my first thought.

I think the source is China GAC:

"China January Oil Imports Rise to Record 23.41 Million Tons"

http://www.businessweek.com/news/2012-0 ... -tons.html

Meanwhile, China and India are being pressured not to buy more oil from Iran:

"India, China plan sharp cuts to Iran oil imports as US pressure mounts"

http://timesofindia.indiatimes.com/busi ... 981800.cms

But imports overall are dropping:

"Chinese imports fall sharply in January"

http://www.ft.com/intl/cms/s/0/2b1bb9d0 ... abdc0.html

We might be looking, then, at lower imports and exports due to a weak economy, which supports both BDI and world trade volume, but increasing demand for resources like oil (which together with concerns over war, may be increasing prices), which in turn may be contributing to high food prices. But because of employment and income problems, more may be racking up more debt to buy necessities.

Wed Feb 22, 2012 8:42 am by mcgowanjm

China's Electricity Consumption and Housing Prices are dramatically falling.

The G-4 Central Banks have monetized to 12% of their GDP.

In a desperate bid to hold prices up.
Deflation is Credit Contraction which is occurring faster than the
G-4 can get money into the system.

World Trade is collapsing in front of our eyes.
Europe is imploding:

TAE wrote:The Greek Government can promise a Constitutional revision. It cannot deliver for over a year, during which the pernicious consequences of the suicide pact will be obvious to all.

World War is next.....lasting only hours. :roll:

Thu Feb 23, 2012 1:23 am by ralfy

Drop in January for electricity

"Chinese Electricity Consumption Fell Massively In January, And The Chinese New Year Doesn't Explain It"

http://www.businessinsider.com/chinese- ... -it-2012-2

but major rise in overall energy:

"China Energy Consumption Rises at Fastest Pace in Four Years"

http://www.bloomberg.com/news/2012-02-2 ... years.html

Coupled with drops for some countries:

"China’s Energy Use Jacks Up in 2011"

http://au.ibtimes.com/articles/303202/2 ... energy.htm

Even as Asia contributes up to half of global energy increase:

"Research and Markets: India Energy Report 2011 - Targets of 30 GW of Nuclear and 20 GW of Solar By 2020 Were Adopted"

http://www.reuters.com/article/2012/02/ ... BW20120222

Food and other resources as well:

"Corn Imports by China Seen Increasing Sevenfold on Demand"

http://www.businessweek.com/news/2012-0 ... emand.html

"China's Growing Meat Consumption Driving Corn Imports"

http://www.thecropsite.com/news/10342/c ... rn-imports

"Soybean Forecast to Rise on China Import Demand; Corn, Wheat May Gain"

http://www.bloomberg.com/news/2012-02-1 ... -gain.html

"Palm oil may rise on rising demand from India, China"

http://www.commodityonline.com/news/pal ... 46047.html

Probably part of global food demand:

"Global food demand to triple by 2050: GIA"

http://www.commodityonline.com/news/glo ... 46040.html

Even given reductions in some countries offsetting increases in others:

"World agri estimates 2012 February – 692 mt of wheat, 462 mt of rice"

http://makanaka.wordpress.com/2012/02/1 ... t-of-rice/

Made worse by problems like water shortages:

"More water shortages for China?"

http://www.upi.com/Business_News/Energy ... 329409265/

Thus, a "cratering" of world trade as demand for necessities goes up.

Thu Feb 23, 2012 7:49 am by mcgowanjm

ralfy wrote:Drop in January for electricity

"Chinese Electricity Consumption Fell Massively In January, And The Chinese New Year Doesn't Explain It"

http://www.businessinsider.com/chinese- ... -it-2012-2

but major rise in overall energy:

"China Energy Consumption Rises at Fastest Pace in Four Years"

http://www.bloomberg.com/news/2012-02-2 ... years.html

That’s the highest growth since 2005. Crude-oil use increased 2.7 percent, natural gas gained 12 percent and electricity demand expanded 11.7 percent.

That Bloomberg article is wrong.

Thus, a "cratering" of world trade as demand for necessities goes up.

That's right. You have gluts in the 'production' areas.
Shortages in the 'consuming'.

Thu Feb 23, 2012 7:52 am by mcgowanjm

ralfy wrote:Drop in January for electricity

"Chinese Electricity Consumption Fell Massively In January, And The Chinese New Year Doesn't Explain It"

http://www.businessinsider.com/chinese- ... -it-2012-2

http://www.reuters.com/article/2012/02/ ... BW20120222

Food and other resources as well:

"Corn Imports by China Seen Increasing Sevenfold on Demand"

http://www.businessweek.com/news/2012-0 ... emand.html

"China's Growing Meat Consumption Driving Corn Imports"

http://www.thecropsite.com/news/10342/c ... rn-imports

"Soybean Forecast to Rise on China Import Demand; Corn, Wheat May Gain"

http://www.bloomberg.com/news/2012-02-1 ... -gain.html

"Palm oil may rise on rising demand from India, China"

http://www.commodityonline.com/news/pal ... 46047.html

All of the above is 'Rearview Mirror'. Already happened.

Thus, a "cratering" of world trade as demand for necessities goes up.

Thu Feb 23, 2012 7:55 am by mcgowanjm

ralfy wrote:Drop in January for electricity

"Chinese Electricity Consumption Fell Massively In January, And The Chinese New Year Doesn't Explain It"

http://www.businessinsider.com/chinese- ... -it-2012-2

"Global food demand to triple by 2050: GIA"

This is All the Food humans are going to produce.
And Humans can demand wheat from the Moon.
Doesn't mean it's going to happen....

Demand is much easier to crush than Supply can be increased.

http://www.commodityonline.com/news/glo ... 46040.html

Even given reductions in some countries offsetting increases in others:

"World agri estimates 2012 February – 692 mt of wheat, 462 mt of rice"

http://makanaka.wordpress.com/2012/02/1 ... t-of-rice/

Estimates of future production are worse than Economists Est of future.
We're off the map now.

Made worse by problems like water shortages:

"More water shortages for China?"

http://www.upi.com/Business_News/Energy ... 329409265/

Yep. We're at the Asymptote...and over the other side....Non Linear at anytime now.

Thus, a "cratering" of world trade as demand for necessities goes up.

Thu Feb 23, 2012 9:25 pm by ralfy

mcgowanjm wrote:That's right. You have gluts in the 'production' areas.
Shortages in the 'consuming'.

Probably production of non-necessities. I'm not sure if there is a shortage in consuming food and other necessities worldwide.

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