MercoPress. South Atlantic News Agency
US consolidating as world's biggest oil and natural gas producer
The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report. Read full article
Comments
Disclaimer & comment rules“The U.S., the world’s largest oil consumer, still imported an average of 7.5 million barrels a day of crude in April, according to the Department of Energy’s statistical arm.”
Jul 14th, 2014 - 11:05 am - Link - Report abuse 0Is it still the case that the US Armed Forces use (waste) half the US oil consumption?
Perhaps if they cut back on the ridiculous military spending and concentrated on their own country they could actually be self-sufficient.
It will never happen of course, egos being what they are.
World leaders in ignitable water though....
Jul 14th, 2014 - 11:16 am - Link - Report abuse 0We will never cut back the military. It is one of the main drivers of technology.
Jul 14th, 2014 - 12:08 pm - Link - Report abuse 0Just think when Odumbo is gone and they open up the off shore and federal lands again and allow export.
This boom will last a long time.
It will be a boon to the USA economy and the way we play world politics for a generation.
3
Jul 14th, 2014 - 05:13 pm - Link - Report abuse 0Thats not what your top analysts are saying. Only 5% of US GDP will be linked to th rest of the world. There will be no more need to keep a huge naval output to control maritime trade in the part of the US, specially the Middle East. Japan, France, Turkey, Poland will eventually have to take up where America leaves
4. That's Obama adviser nonsense. The military may get a smaller number of people as technology compensates but it will keep growing in power.
Jul 14th, 2014 - 05:29 pm - Link - Report abuse 0Obama is much like CFK, out of his depth and hates the military. I would assume whomever the next Prez is won't have the same outlook.
In fact we'll have to rearm and rebuild our navy. Wait and see.
I doubt we'll be so focused on the Middle East, it will be more of a containment policy in the future.
The EU should be able to defend themselves the USA is getting tired of paying and supporting them.
The USA will be the dominant force by far for the next 2-3 generations. I don't see anything that would ever change that. It is part of our culture.
What basically seems to be happening is a re set of the pre WWI world, the EU will eventually break up. France is the best situated to lead Europe because it has a former colonial links to North African countries like Algeria and the Gulf of Guinea, it also has a significant military industry and agro independence. All other European powers like UK, Italy and Germany lack these 3 components.
Jul 14th, 2014 - 05:47 pm - Link - Report abuse 0US can simply sit back to enjoy its power in the Caribbean basin, Venezuela and Colombia eventually will have to put up with it.
You should see Peter Zeihan latest. Trade and shipping will be drastically cut back over the next years.
https://www.youtube.com/watch?v=O7jhk_NInvE
5
Jul 14th, 2014 - 06:04 pm - Link - Report abuse 0I would have thought the last thing the USA would want is a unified Europe capable of defending itself without the US....
...as that would mean it had a military capability on par with the US....
..led by a strong, confident and merciless Germany...
Greater population....greater economy equals greater threat....
6
...but everybody in Europe hate the French....
..and the Yanks tried sitting back....it was called Splendid Isolation, it didn't work then and it will never work again with increased globalisation....
@7
Jul 14th, 2014 - 06:12 pm - Link - Report abuse 0Globalisation is over.. I would i address you to Zeihan's lecture.
France and UK have the guns. However the Uk doesnt have the same relation that France has with its former colonies. The Germans have the money but not the guns, and they are getting older and if the Germans want to keep it up they will grow dependent on Russia, which Poland is not so keen on. Poland can spear head a bunch of countries like Czzech Republic and Hungary that dont like the idea of Germano- Russian alliance.
8
Jul 14th, 2014 - 06:24 pm - Link - Report abuse 0“However the Uk doesnt have the same relation that France has with its former colonies.”...??
...have you never heard of the Commonwealth...?
The German psyche has never changed and never will...they hate Slavs, the only reason they had an alliance with Russia was to isolate until they could eliminate...
I don't mean that in a sense of ...beat them militarily, they wanted to wipe them out!
The Russians knew this and that was why they dealt with the Germans so harshly after the war
There will never be a serious Russian/German Alliance...
And what is the Commonwealth apart from a mini Olympics??
Jul 14th, 2014 - 06:41 pm - Link - Report abuse 0The UK doesn’t have any close by former colonies that can provide them energy. It has crap like Gibraltar, German and Cyprus bases in the are... But they are redundant for the world that is coming. All the British bases disposal and foreign policy is simply based to align to the US rather than serve its own immediate interests. France is not the UK. (Unless of course the UK sucks up its pride and allies with France and abandons the US which by their historic choices and mentality seems unlikely)
France has literally a string of bases in North of Sub-Saharan Africa from Dijoubuti all the way to Somalia; it has many nationals in the area. And the first ones the African countries call in the fight against AQIM where its former colonial overloads.
Besides UK imports most of its food and depends too much on immigration to keep the economy growing. France is different, it simply has too abandon its socialist policies and the Euro.
(Btw why do you care about the UK's future all of the sudden, I understood you want a weaker UK, breaking apart??)
@ 5 yankeeboy
Jul 14th, 2014 - 07:00 pm - Link - Report abuse 0“The EU should be able to defend themselves the USA is getting tired of paying and supporting them.”
It seems to me that the only interest the US has in Europe is it's own: defensive RADAR line against Russian missile technology ring a bell?
Yorkshire Moors with the NEW big golfballs ring a bell? And that was in the last five years.
Unless you know different?
10
Jul 14th, 2014 - 07:12 pm - Link - Report abuse 0Crap like...Canada...Australia you mean..?
In a new world order who might they align with...and who would you want fighting for you....a bunch of Africans that the French have great difficulty stopping them from killing each other...
..and what energy is coming out of Africa for France apart from Libya...
What was France before the Euro...nothing and has been nothing for the last 200 years.....cheese eating surrender monkeys....
I have a vested interest in the UK....
12.
Jul 14th, 2014 - 07:19 pm - Link - Report abuse 0And what does the UK need bases in Canada and Australia for???
You are not getting it at all. Come back and talk to me when you have heard the lecture.
https://www.youtube.com/watch?v=O7jhk_NInvE
USA, great
Jul 14th, 2014 - 07:50 pm - Link - Report abuse 0do us a favour mate, with all this Russian interest down south,
lend us some oil and gas , for old times sake,
Dave's given all our cash away.
Justa joka, honest.??
13
Jul 14th, 2014 - 08:00 pm - Link - Report abuse 0...of course I haven't...the lecture is over an hour long....
why not give us a synopsis....about two paragraphs long....
Just my opinion.
Jul 14th, 2014 - 08:24 pm - Link - Report abuse 0But yes France does have bases overseas and a relationship with Africa,
But it did not help them to get its military their did it, it needed the brits and the yanks,
I am given to understand that although the UK does not have loads of bases, we also do not have the vast cost and waste that it causes,,
What we have is sufficient to our needs,
Cyprus- covers the Middle East and the near east,
Gibraltar can cover the med and West Africa,
Along with Ascension Island can supply the south Atlantic,
Canada supplies us with abase in British Columbia, ? ,,
Norway gives us access to arctic training facilities, and return co-operations,
USA allows us access to airbases and other training facilities, and the ability to test certain items,
Falklands gives us a base to access the Antarctic when requires, and other items,
All this without the hassle and massive cost and logistics, France and America has to pay
In items undisclosed,
And very soon we will have a carrier born force that will have access to over 75/% of the land surface without have to gain basing rights,
According to the MOD this suits British interest at this moment in time,
We aint doing that bad, for a tiny teensy little island,
Argentina on the other hand, mmmmm
Just a thought. from what one has interpreted.
16.
Jul 14th, 2014 - 08:59 pm - Link - Report abuse 0The only aid Britain gave the French in Mali was flights of two C-17 and a ferry. The US provided 5 of them. Giving a hand out in logistics is hardly a dependency situation that you eagerly portrait.
15. The synopsis is the USA is on track to have an amazing and isolated couple generations. South Asia will do well and the rest of the world is doomed.
Jul 14th, 2014 - 09:21 pm - Link - Report abuse 0Just like I've been saying all along.
Except for the part of the Mexican cartel drug wars proliferating into the US, (min 54) He said that according to the US Justice department the cartels have infiltrated over 1000 town halls from L.A all the way to Boston and in the next 5 years all the black gangs would have being destroyed by then.
Jul 14th, 2014 - 11:47 pm - Link - Report abuse 0Then we'll destroy the drug cartels.
Jul 15th, 2014 - 12:13 am - Link - Report abuse 0Win win
What a load of self absorbing nonsense...the synopsis is the US has had a brief reprieve with the advent of Shale that will last for a generation then it back to shits creek again....
Jul 15th, 2014 - 12:14 am - Link - Report abuse 0Doesn't even mention the Trillions of debt the country is in or that they import more than they export....
...Yanks can't exist without debt..even the speaker had refinanced his home to get two cars.....
3D printers indeed...what a joke they are expensive and extremely slow and the strength and quality of the product is vastly inferior to manufactured ones....
CD ....don't EVER steer me towards such drivel again!!!
20. Once they bribe and infilter the Federal Government its very difficult to fight them... You shouldn't have left so many hispanics in since the 1980s.
Jul 15th, 2014 - 12:27 am - Link - Report abuse 021.
Yes I thought you would be too stupid to understand the implications of what he is saying. He admits that the US is a financial disaster, the problem is that the US dollar is the only proven and trusted world currency.
The most basic point is that world has gone far too dependent of the US markets and naval hegemony since WWII.
Perhaps the biggest accomplishment in the XX Century was replacing the British Empire rather than defeating communism and the USSR.
There is no other currency, no other self sustained country that has the geographical and demographic advantages the US has that can develop a internal market, and project naval power. Perhaps the only one was Argentina, but they are a head of us at least 120 years of good governance. And from the appearances we are heading to war with Paraguay and Uruguay against Brazil in the future.
22
Jul 15th, 2014 - 12:35 am - Link - Report abuse 0You're the stupid one to believe American propaganda crap....
Yankee land had it's boom..it's in decline, but has had a brief respite by shale...
If it's had all these wonderful advantages...why has it got so much debt...all these resources yet it imports more than it exports...you really are are stupid gullible fcuk...
23. The problem is, retard.......is that everyone in the world is in debt too !!!!
Jul 15th, 2014 - 12:39 am - Link - Report abuse 0Fine... Who would you want to replace them ??? Independent Scotland ??
24
Jul 15th, 2014 - 12:49 am - Link - Report abuse 0....the problem is you always have to have someone to suck up to...who is it this month the US...have we abandoned Russia and France now.....
No one in the world is in as much debt as the USA..it's not the biggest country it doesn't have the largest population...yet it has the largest debt....
I note the speaker doesn't mention how the German economy is far better that the US economy.
Because a Yank says it in a lecture in Yankeeland you think it's gospel...grow up and stop being so starstruck...you are turning into a right sycophant...
“...the problem is you always have to have someone to suck up to...who is it this month the US...have we abandoned Russia and France now.....”
Jul 15th, 2014 - 01:02 am - Link - Report abuse 0What are you talking about ??
You are not understanding anything. You are mixing apples and oranges about statements and comments I have made months ago that you EVER understood.
When the US leaves and world trade is far more limited only a handful of countries are set to pick up where the US leaves, but in a regional point of view.
The fact that the US dollar is still the dominant currency despite the financial disaster they are is in part fault of the world that became too dependent on their markets and use of the US dollar for international trade in the first place.
Its not a matter if America is the biggest power or not. The fact is that it will retreat, and the world will drastically change as a consequence..
Im still waiting for you to come up with me as a world trade currency that is alternative to the dollar
USA had no intention of retreating anywhere....it will always need to import and export so your argument is superfluous....who will they sell arms to...jets...cars...wheat....farm machinery...
Jul 15th, 2014 - 01:21 am - Link - Report abuse 0You are only saying it will retreat because you watched a YouTube lecture..Wow it must be true...
....you need to get a sandwich board and walk the streets...“The End is Nigh”
If a currency is needed then one will be chosen...simple.
Alternatives:- from Forbes...
”The Euro is a popular reserve currency. Before criticizing the United States fiscal situation, think about Europe. Plenty of countries in the Eurozone remain in denial about their overspending and under tax collection. Economic growth prospects are middling at best. However, the Euro is widely used, so financial markets are liquid and deep. I could see the Euro take a little bit more market share of reserve currencies.
The pound sterling is the next most common reserve currency. The size of the British economy justifies the pound’s third-place status. If just a single small country needed to support its currency, then pounds would do the trick. If, however, an entire region was in trouble (as with the Asian financial crisis), then the market for sterling-denominated assets would not be deep enough.
The yen is also used in reserves, but Japan’s public debt as a percentage of GDP is the highest in the world, edging out Zimbabwe and Greece. One wouldn’t opt for the yen over the dollar based on fiscal soundness.
The renminbi is sometimes discussed as a possible reserve currency, due in large part to China’s large economy. However, the heavy hand of government foreign exchange controls makes most other countries hesitant to use China’s currency.
Well to them selves dummy... because that is what it means when he says only 5 % of US GDP will be related to the world economy after NAFTA + Colombia+(Cuba and Venezuela?)
Jul 15th, 2014 - 01:36 am - Link - Report abuse 0And that article of forbes you have picked up from has a nice graph that shoes you how the US dollar is still 60% of world reserve currency. It also says the following and quote
“ The U.S. dollar is the most common currency for international reserves, for good reason. First, because of the size of our economy, there are plenty of dollar-denominated securities available. The market for United States Treasury securities is liquid and deep. “Liquid” means that the securities can be sold quickly. “Deep” means that a substantial amount can be bought or sold without affecting the price too much. These are desirable features of a foreign reserve currency. If Ruritania were to hold an obscure currency, such as the the Pa’anga of the Kingdom of Tonga, it might not find willing buyers on short notice. Even if it did, there is no way that Ruritania could quickly sell billions of Pa’anga without pushing the foreign exchange rate disastrously low. Thus Ruritania needs to own currencies of large countries, which are traded in large amounts on a daily basis.”
http://www.forbes.com/sites/billconerly/2013/10/25/future-of-the-dollar-as-world-reserve-currency/
What can become is the formation of new trade zones using a common currency like South East Asia- NZ OZ or a North Africa- France- Medditerranean trade zone
..and if a new currency is needed one will be found.....but it won't because there will be no diminishing in imports and exports to and from the US...the same lecture stated the US will begin exporting Gas next year....Scottish refineries are spending money to handle US Gas....
Jul 15th, 2014 - 01:49 am - Link - Report abuse 0You should learn to differentiate between one man's opinions and suppositions and Fact...
If the US is so wonderful...don't you think I'd be living there permanently....? I could if I wished...
Sleeptime..it's late...
I think its you who should differentiate reality with your own wishful thinking.
Jul 15th, 2014 - 02:01 am - Link - Report abuse 0-And how do you supplant that 60% of US dollars overnight without causing major disruptions in the world economy? Who will provide the output and consumption market of the next currency??
-If a estimate is 5% of US GDP in the world economy what has that got to do with scottish refineries?? That is a number, what are your estimates ???
The world doesnt start and end in Scotland, in fact it's a insignificant country. I dont care where you live or not... Im not making a defence to the US, Im simply interested and making a case as to what the world may look like in the future. You are so stupidly anti american that you cant distinguish this.
Who cares whether Scotland is insignificant or not...?...is that supposed to mean something....?
Jul 15th, 2014 - 02:22 am - Link - Report abuse 0haha ....attacking Scotland because I happen to be here, next time I'm in the States I'll give you a shout..then you can attack the US instead....
You're just a sucker for YouTube...
I almost fell about laughing when the guy said the 3D printer would reduce the US dependence on foreign imports...;-)))))..what a dick....
Anyway I'm going to leave it there, as I know if I get on your case too much you will probably do a runner again.....and we definitely don't want that...
Not at all but be my guest how much of US trade does Scotland represent genious??
Jul 15th, 2014 - 02:37 am - Link - Report abuse 0Voice your comments are about 90% wishful thinking the rest 10% is personal attacks.. But Im starting to think its mostly fear now.
If you want to brand the lecture as propaganda fine be my guest, but he is a private advisor who gets paid to do this, not by the US gov't but private soybean farmers who happen to be our competitors. What is good enough for them seems to be just as true for us.
But 3D printing is just in its infancy as is shale, and that is the reality.
Not at all, go to bed I will only add that I find it amusing that on one perspective you are terrified of the US debt and its financial mess, I respond to you that it because the world depends too much on its markets and the dollar and now you are worried that the US leaves out and isolates itself.
Is it that prospect that independent Scotland and your wet Braveheart dreams have become to small and insignificant in the world ??
I enjoy watching ignorant people underestimate the Commonwealth of Nations.
Jul 15th, 2014 - 07:35 am - Link - Report abuse 0CD, Voice is too stupid to understand that the USA ( world) undergoing a major shift right now. He may ( or may not) have traveled here and think he understands us but he never will. He thinks becoming the richest most powerful country the world has ever seem was done by accident. He is too jealous to understand what makes the USA great.
Jul 15th, 2014 - 10:30 am - Link - Report abuse 0I've said for a long time, the USA being independent of the world in regards to energy will shift the balance and make us even more powerful.
We are also one of if not the most innovative and productive nations on Earth and have been since out existence. That's not going to change either.
I've never thought the Euro was a good idea. It will never be a large reserve currency, you can't have Greece and Germany using the same currency and expect the entity as a whole to succeed. You'll see nations pull out and the Euro zone will be nothing more than a large free trade block. Their demographics are working against them. They've also given power to unelected faceless bureaucrats with too much authority. They'll tire of it soon enough.
China will be old before they are rich. They're already on the decline.
I don't think they will be successful in transitioning to their next phase and the growing civil unrest will bring them to revolution.
South Asia and Australia will become richer, more productive and more closely aligned with the USA.
The rest of the unaligned world will go back to what is always been. A messy place lurching from one decade to the next trying to keep up.
Would YB like to explain to the rest of us how Germany with a landmass and population a fraction of the USA...situated in the middle of Europe can have an economy that puts the Yankee one to shame....
Jul 15th, 2014 - 10:49 am - Link - Report abuse 0....Land of the free and the home of the depraved....
How can I be jealous...? I had the fortitude and enviable position to have a foot in both continents....if Europe deteriorates I'll simply move my base to over there....
I agree that the US is in a good position, but it is a fuel guzzling monster...it won't take long for it to consume itself again and be back to claiming oil by war.....
About time they dropped the petrol guzzling monster trucks and promoted diesel more....You don't need all those cylinders and power to drive at 70mph....
All these prognosticators. Can someone give me the winning powerball numbers?
Jul 15th, 2014 - 11:31 am - Link - Report abuse 0http://www.nationmaster.com/country-info/compare/Germany/United-States/Economy#2013
Why do you keep bringing up Germany like it is representative of the entire EU? It is a well organized, highly productive country that respects the rule of law. It is very different than, Italy, Spain, Greece and the rest of the loser countries that have and will continue to be a huge drag on the total EU.
Jul 15th, 2014 - 11:40 am - Link - Report abuse 0You are a foreigner, even if you have been to the USA you'll never fully understand it.
If you can not grasp the HUGE affect of going from an Importer of fuel to an Exporter you are a lost cause and I can't waste my time trying to explain it to you.
The cheap fuel has wide ranging effects on the total economy. We have merely started finding cheap oil/gas. We had to stop drilling for gas because we have ( I think) a 300 year supply and now it the market price doesn't justify new wells.
Obama has put up huge regulatory road blocks to offshore drilling and on the massive amount of federal land. I am sure the next Prez will lift the moratoriums and fix the over reaching regs.
We won't run out of fuel in your lifetime so don't worry about us.
You know debating with your wishful thinking is like debating with Toby. Your posts are filled with deep jealousy with a misunderstanding and twisting of simple facts.
So you are basically saying the American economy is based on cheap fuel reserves and without it you are just another debt riddled country.....
Jul 15th, 2014 - 11:56 am - Link - Report abuse 0The reason I quote Germany, is it doesn't have any oil or gas....yet still succeeds....
So which is the more successful country...the European one or the American one...?
Again ...how can I be jealous when it can only benefit me.....my property is sat on top of Marcellus Shale....Doh!
Well cheap fuel, hugely productive, almost unlimited capital and fantastically innovative.
Jul 15th, 2014 - 12:08 pm - Link - Report abuse 0The USA is by far more successful than Germany.
Think about this, we pay U$3.5 for a unit of nat gas with an almost unlimited supply. The EU pays U$ 9-10 per unit. They can not make up the difference with productivity or taxes incentives. Do you get it now?
Whoever said up thread that France can or will run Europe one day is utterly wrong. That would be greeted with hoots of derision and laughter in London. Berlin too I would guess.
Jul 15th, 2014 - 12:35 pm - Link - Report abuse 0Simply will never happen.
Napoleon tried and failed. No one wants to see that again.
Does anyone seriously think the UK would turn over economic/political/military control to France?
Never gonna happen.
I am sure it was the French that said that. Remember, these are the people that had to be first marching into Paris to appear as the liberators from the nazi's.
Jul 15th, 2014 - 12:53 pm - Link - Report abuse 0So voice, you believe the German economy is the mightiest?
40
Jul 15th, 2014 - 02:46 pm - Link - Report abuse 0I never said France will “run” Europe in the future... In fact it already did till 1990 with the unification of both Germanys. So the UK already did “turn over economic/political/military control to France”
If you were to watch the questions at the end of the lecture you would see why he bets on France rather than Germany.
-More self contained economy
-Produces its own food
-Influence and relations with Energy and mineral rich North of Africa and Gulf of Guinea (with clear military projection over this area)
Germany on the other hand as soon as the lights and gas goes off it must invade Russia or launch a eastern campaign to keep up the economy. Besides once the Medditerranean countries leave the Euro the will be no one whith the purchasing power to buy their industrial goods.
41
Jul 15th, 2014 - 03:26 pm - Link - Report abuse 0Pops...no I think the US is the mightiest in size, but the Germans in quality...though I wouldn't want to live there even though I could.....no sense of humour...
40
Jul 15th, 2014 - 03:42 pm - Link - Report abuse 0The only positive thing about the UK is the pound, so if we are too see parts of Canada joining the US, perhaps it makes sense to have the Rep of Ireland join in a British federation, use the pound and they can provide the food, having Ireland next door is like having Uruguay or New Zealand in front of you as they have very few people to feed on their own... But forget about the Commonwealth. Its a non entity and Britain or India have a leadership role in it.
Germany can also abandon the Mediterranean countries and limit itself in a currency and trade zone with Scandinavian and Eastern countries of Europe.
But this is all “I guess talk”
Yup, CD I 100% agree...
Jul 15th, 2014 - 04:13 pm - Link - Report abuse 0.... with your final sentence.
:-)
@45 But that France will be the Big power of Europe that is not a guess, its a fact
Jul 15th, 2014 - 04:21 pm - Link - Report abuse 0and I meant about the Commonweath “Its a non entity and Britain or India DONT have a leadership role in it.”
Just to put things right Im betting on this one
FRANCE>britain
:-)
With 52% of Germany's GDP going to exports, you don't feel that puts Germany in a position of vulnerability to other countries wellness? Granted we import a lot, but that also makes others dependent on us.
Jul 15th, 2014 - 09:34 pm - Link - Report abuse 0Anyone noticed Soy prices have crashed?
Jul 15th, 2014 - 09:51 pm - Link - Report abuse 0CD what's break even in Argentina?
I think what they are paying locally in Matba is already on the limit. Small farmers are already in debt. By 2016 you will see many small and inefficient farmers go bust.
Jul 15th, 2014 - 10:51 pm - Link - Report abuse 047
Jul 15th, 2014 - 11:30 pm - Link - Report abuse 0It would if the products they are exporting were not in high demand...but they are..
Plus the Germans benefited when they adopted the weaker Euro making their products cheaper abroad. Another great boost to exports....
Also the difference between Americans and Germans is they do not like to borrow there is a low level of personal debt...
It's cultural, they see borrowing as shameful....
I cannot argue about debt and Americans, but I won't say that debt in of itself is bad. I've leveraged my share of investments and have relatively no debt now. But then I still chase pennies on hotels when I travel and some confuse that with lacking. But then you are changing to cultural and I thought we were on topic of economics?
Jul 16th, 2014 - 09:41 am - Link - Report abuse 0I suppose time will tell who's model is the best. Perhaps Germany will make another rise. One thing is certain, a nation cannot produce and export without the energy to manufacture.
@46
Jul 16th, 2014 - 11:22 am - Link - Report abuse 0I think we will having to disagree on this one! I just can't see France becoming the dominant power in Europe. Ever!
I don't know much about Germany but I don't think its outlook is very rosy. It has a very old population, in the next couple decades they'll only have 2 workers for every retired. Worse than Japan.
Jul 16th, 2014 - 11:29 am - Link - Report abuse 0Their energy costs are 3-4x what we pay in the USA. They have little wage flexibility. Their banks are a mess. It is impossible to open a new business.
I would assume they'll start moving a lot of mfg to the USA in the near term as our economy increases and China falters.
In a previous career I was interviewed for a job in Bavaria for a large US corp. He wanted me to help with sales. He said the German mindset has no entrepreneurial spirit and the collectivism was killing him. He also told me I would probably hate living there because the German Society doesn't like foreigners. In the end I turned him down. I would never want to live in the EU full time. I don't like it that much.
1. 65,000 tonne #HMSQueenElizabeth looks majestic after rising off her blocks for the first time:
Jul 16th, 2014 - 12:05 pm - Link - Report abuse 02. https://twitter.com/search?q=%23HMSQueenElizabeth
,,,,,,,,,
£90m Royal Navy missile contract sustains UK jobs
Three hundred UK jobs will be sustained thanks to a £90m Royal Navy contract that sees the new Wildcat attack helicopters fitted with next-generation precision missiles - See more at: https://twitter.com/search?q=%23HMSQueenElizabeth
…..
UK Royal Navy commissions Merlin Mk2 helicopters
The UK Royal Navy has commissioned its next generation of submarine-hunting Merlin Mk2 aircraft, four months ahead of their planned deployment
https://twitter.com/search?q=%23HMSQueenElizabeth
……….
Royal Navy at its best-and getting better..?
.
52
Jul 16th, 2014 - 02:17 pm - Link - Report abuse 0Yet you are not, proposing any argument... You are just saying “I dont like the French and they willl never be a power again”
The UK imports over half of its food! You are going to have to be stuck alone in the Middle East for years and years without the US who will gain energy independence and clashing with assertive powers like China in the Region.
The MOD already admits this is long term
https://www.youtube.com/watch?v=QTzbwPZyTp4
http://www.tradingeconomics.com/germany/forecast
Jul 16th, 2014 - 03:34 pm - Link - Report abuse 0http://www.tradingeconomics.com/germany/forecast
52 CD2
Jul 16th, 2014 - 04:26 pm - Link - Report abuse 0I am not 'proposing any argument' because I don't come here to argue about the EU and also because I simply can't be bothered.
I may comment about the EU on EU threads, which this is not.
However, just for clarity,
I haven't watched any of the links you posted.
I haven't said I hate the French, well not on this thread at least!
I have said I do not believe that the French would ever be powerful enough to control Europe - and would they want to?
I don't understand your comment about being stuck alone in the Middle East. We are hardly there and can pull out anytime. What prevents us?
So what if we import half our food? Quite normal for a small island with 65 million people. A rich country and also the financial centre of the world. Why not import food from every where in the world? Growing the stuff is pretty tedious. .. :)
Can we talk about Venezuela now? (Jeje! )
There we import 90% food and domestic goods. For a country with such massive natural resources and over 330 million hectares of arable land? Now that is shocking to the point of criminality!
So, in summary, you believe France will be the future dominant country in Europe. I do not. Simply because both Germany and the UK already dominate it and we like the status quo. France is simply too ineffectual to change this.
Oh, and Venezuela is completely f*cked. Wanna come on a Boligarch hunt? I can lend you a shotgun or rifle if you like?
Yes, I know you are proposing your own wishful thinking... Just like voice is.
Jul 16th, 2014 - 04:48 pm - Link - Report abuse 0I have already said that France is not going to dominate Europe (nessesarily), but it will be the only clear power that is left in Europe for the reasons I have explained ad nauseum.
You are thinking in terms of what you know today and the mecanisms that have exist today. Britain will no longer be a rich nor a influential country, if you would see those links then you would understand why. Globalization and international trade are over. UK is nothing without the pillars that have existed since the end of WWII though its not going to be as bad as the middle east or many other countries…
At least Voice has understood the underline concept of what those links he has watched that is why he laments that Britain did not join with Germany in WWII.
CD is not giving any opinion...he is using the opinion of a nameless Yank giving a seminar....
Jul 16th, 2014 - 05:06 pm - Link - Report abuse 0How can he possibly base his argument on one persons unproven ideas.....
Just like the Yank in the video he doesn't know anything about Europe....
I suggest you look at Pops links for the German forecasts for 2030...not some Yankee Soy promoting house refinancing (for 2 cars) dreamer....
The forecasts show that neither Germany the UK or the US are going to dominate anything, but neither have any of them gone bust.....
Soooo....who should we believe... the Soy promoting (3d Printing will solve all US import) “Economist”...
or
www.tradingeconomics.com/germany/forecast
erm...let me think about that one.....;-))))
... you shouldn't involve me CD...I bring out the worst in you.....
Hey CD2.
Jul 16th, 2014 - 05:16 pm - Link - Report abuse 0I believe you. I really do.
. Now can I have the correct numbers for this week's Euro Millions Lottery? I hear it's a big one!
I think I'll stick to the Economist and the FT for predictions on uk and eu and for economic forecasts, not random you tube dudes recommended by random people on niche websites like this.
cheers tho!
He is not an economist, he is a geopolitical analyst and his name is Peter Zeihan. And he is provided facts to back up his opinion, it’s not some magical baseless idea you or ilesen have. What he says makes SENCE
Jul 16th, 2014 - 05:21 pm - Link - Report abuse 0WTF do you know about anything on the other hand, what are your calcifications ??
Those links of forecast how can they possibly take into account the future of the Euro zone, a diminishment in world trade, political and economical crisis and so on??
They simply work on mathematical functions in which you simply input variables that work on today’s world..
BTW which are those variables???
BTW I’m not involving you but simply know that your dribble in the other thread is not casual at all, even if you dont admitt it
Peter Zeihan is a good prognosticator. Take a look at his talks from a few years ago.
Jul 16th, 2014 - 05:46 pm - Link - Report abuse 0They are darn accurate.
http://zeihan.com/
61
Jul 16th, 2014 - 05:51 pm - Link - Report abuse 0Speaking of dribble...look a this...
you shouted.....“What he says makes SENCE ”
Exactly... couldn't have put it better myself!!!....;-))))))
61
Jul 16th, 2014 - 05:58 pm - Link - Report abuse 0As I said to voice economist are good at what may happen in say 5 years time. Geopolitical anaylists like Zeihan combine not only economics but geopolitics, technological advancement, geography and demographic trends to explain what will happen in 15, 20, 50 years time.
A cookie for you girl... Look what the CIA said 10 years ago !!! Wake up and smell the coffee
THE CIA has predicted that the European Union will break-up within 15 years unless it radically reforms its ailing welfare systems.
The report by the intelligence agency, which forecasts how the world will look in 2020, warns that Europe could be dragged into economic decline by its ageing population. It also predicts the end of Nato and post-1945 military alliances.
Done
As a result of the increased immigration needed, the report predicts that Europefs Muslim population is set to increase from around 13% today to between 22% and 37% of the population by 2025, potentially triggering tensions.
Done
Europe, an increasing preference for natural gas may reinforce regional relationships, such as those with Russia or North Africa, given the inter-dependence of pipeline delivery, the report argues. But this means the EU will have to deal with Russia, which the report also warns “faces a severe demographic crisis resulting from low birth rates, poor medical care and a potentially explosive Aids situation”.
done
Russia also borders an “unstable region” in the Caucasus and Central Asia, “the effects of which - Muslim extremism, terrorism and endemic conflict - are likely to continue spilling over into Russia”.
Done
And remember this was predicted even before the financial crisis
63. What an embarrassing post. Reminds me of Think's stupid nitpicking.
Jul 16th, 2014 - 06:00 pm - Link - Report abuse 0You obviously have a LOT of time on your hands why don't you take a few hours and learn something from Zeihan maybe it will help you make some thoughtful posts for once.
I thought it was funny...you obviously don't have a sense of humour....as I mentioned on the other thread....
Jul 16th, 2014 - 06:09 pm - Link - Report abuse 0...especially as he still hasn't seen it....
Yeah I'm really going to trawl through a site about a Yank boasting about Yanks and Yankeeland........Not!
..would be completely unbiased I reckon....
66. And you probably wonder why people think you are an ignorant buffoon.
Jul 16th, 2014 - 06:16 pm - Link - Report abuse 057
Jul 16th, 2014 - 06:27 pm - Link - Report abuse 0Right.... I'm going to have to take that statement apart...
First of all People suggests more than one, as you are a single poster how could you suggest People, unless you have more than one ID....
Second...how can I be ignorant when my joke was based on a knowledge of the English language..that would suggest....Not Ignorant....
...You and CD stick to your fantasies...that have been contradicted by the US to invest in Nato and bolster it's involvement and protection of Poland.
Your Guy never saw that coming did he...the Cold War rearing it's ugly head again....
...and the US beginning to export Oil and Gas destroys his isolationist argument...Doh!
Go find some grammar and spelling to correct so it makes you feel better about yourself.
Jul 16th, 2014 - 06:31 pm - Link - Report abuse 0I am off to enjoy a glorious day and take a little dip in the pool.
...do you get the use of their pool as well...?...Wow!!
Jul 16th, 2014 - 06:36 pm - Link - Report abuse 0@61
Jul 16th, 2014 - 06:40 pm - Link - Report abuse 0I am not going to get involved in spurious arguements about the imminent collapse of Europe/the EU. It's pointless as I don't believe several hundred million educated 1st world people would just stand idle and let it happen to them.
Also, on a lighter note;
“WTF do you know about anything on the other hand, what are your calcifications ?? ”
Well I know that Calcification is the accumulation of calcium salts in body tissue. It normally occurs in the formation of bone, but calcium can be deposited abnormally in soft tissue.
Perhaps that is where you get your screen-name from? Do you suffer much?
I prefer my qualifications, which are many and varied, thank you very much.
:)
Yeah that was meant for Voice..
Jul 16th, 2014 - 07:13 pm - Link - Report abuse 0I definitely dont suffer from a lack of oxygenation to the brain. Which is your case madame
@72 hmmm..,
Jul 16th, 2014 - 10:09 pm - Link - Report abuse 0I think otherwise.
I refer you to;
@61 “it’s not some magical baseless idea you or ilesen have. What he says makes SENCE ”
... quite a lot in that sentence requires a little more 'oxygenation'.
for a start my screen-name is ilsen and ocassionaly I have been accused of talking 'sense'...
... and breathe.... go on, you can do it!
PS: Discussions of oxygenation in regard to calcification is only really relevant to zooplankton and coral. Not to what happens to your 'soft tissue'.
Just so you know..
(... and I avoided the cheap insult I could have used there... because I like you really)
Yes well that last sentence in brackets may well explain a lot of things like your ad hoc sexist comments or your habit of winding me up.
Jul 17th, 2014 - 12:31 am - Link - Report abuse 0If you come along with a comment like #40 and you don’t put any substance to your argument that is countering mine, well then back it!! Otherwise don’t insist after I bother to explain to you again my original argument I elaborate further and provide additional points and links to back it up… And you keep on saying “Oh well that’s your opinion, I say otherwise simply because the sky is blue and your spelling and correction are horrendous” I may then start to lose patience
Peace Ilesen, all forgotten !
@74
Jul 17th, 2014 - 12:57 am - Link - Report abuse 0lol! ok, let's forget about all this France stuff. Truce!
But..
“ad hoc sexist comments ” really? do you know the meaning of sexism?
If you can show me examples of where I posted, I will apologise.
Sure, I comment, debate, contribute, flirt, tease, annoy, criticise and sometimes rant, even insult people sometimes, but sexism? Really?
I got accused by voicey/think of being a politically correct 'sheep -le' only yesterday... wow!
Now I am sexist?
No-one here knows if I am female or male, gay or straight, because I believe that it should not matter. I am deliberately ambiguous about this, and have fun with it, but sexist? ouch! Why do you think this?
As for 'winding you up', that goes with the terroritory! I could point you to some very nasty attacks I have received here. That considered, I have been very gentle with you, dear boy.....
PS: The sky was blue over London today, but it ain't always so! Peace!
That's ok you can always be rougher to me next time.
Jul 17th, 2014 - 01:32 pm - Link - Report abuse 0This is good entertainment....watching CD & ilsen both attempt to make peace and yet still insult each other at the same time...PMSL...
Jul 17th, 2014 - 01:51 pm - Link - Report abuse 0Be careful what you wish for ilsen....CD doesn't care either way....he once said he wanted to make babies with Anglotino....;-))))
I can’t remember the context of that apart from understanding anglotino was a she back then.. But that may explain why he is coming over soon to Argentina when he knows the country is turning into a war zone.
Jul 17th, 2014 - 03:07 pm - Link - Report abuse 0Sorry Anglotino... I wasn’t serious.. But if you come do bring US dollars I'll pay blue rate
Chuckle chuckle!
Jul 19th, 2014 - 11:45 am - Link - Report abuse 0:)
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