A "Flood" of new oil..........

[lektrode]

Re: A "Flood" of new oil..........

bet the price of the bottle just launched...
ebay,amzn

[jiimbergin]

Re: A "Flood" of new oil..........

we all need to know what his next call is ;_y

amen!!!

[vt]

Re: A "Flood" of new oil..........

We all need to know what his next call is

[dcarrigg]

Re: A "Flood" of new oil..........

I made a friendly bet with one of my older brothers last fall that WTI would touch $60 sometime before end 2014. ;-)
Either way, win or lose, we get to share a good bottle of wine...

So was that $60.00 or just $60.xx? Might be time to get your brother on the horn...

What a call.

[jk]

Re: A "Flood" of new oil..........

back to the subject of oil and gas
http://adventuresincapitalism.com/post/2014/12/10/There-Will-Be-Blood%21%21.aspx

[touchring]

Re: A "Flood" of new oil..........

Hmmm. China is full of empty buildings that the overwhelming majority of its citizens cannot afford to buy. Nobody resides in them now.

And those that can afford to buy them are moving their money out of mainland China in a flood now, preferring to own property in Hong Kong, or even better Singapore, Sydney or Vancouver. How is that "better off"?

It's getting complicated. China's fast growing consumer market is catching the world by surprise.

Latest news: http://www.cnet.com/news/china-beats...-market-share/

Nine representative Chinese handset makers have toppled Samsung and LG's combined market share for the second quarter of 2014, according to a report released Tuesday by the Federation of Korean Industries, an alliance of South Korean conglomerates.
The FKI said the nine global Chinese smartphone makers, Huawei, Lenovo, Xiaomi, Coolpad, ZTE, TCL, Vivo, Oppo and Gionee, recorded 31.3 percent of global market share in the second quarter. Samsung and LG together had a 30.1 percent share.

We're talking about global marketshare. As we know, Chinese smartphone brands are not popular outside of China. On top of that, China is both Samsung's and Apple's largest smartphone market.

You do the sum. If I'm not wrong, the smartphone market in China is probably larger than both the US and EU combined.

[jpatter666]

Re: A "Flood" of new oil..........

GRG55 -- have you selected a wine yet? Getting *very* close....

[GRG55]

Re: A "Flood" of new oil..........

China is much better off than Dubai. Dubai is 85%-90% made up of expatriates that can return home anytime. Who will reside in those condos and mansions then?

Hmmm. China is full of empty buildings that the overwhelming majority of its citizens cannot afford to buy. Nobody resides in them now.

And those that can afford to buy them are moving their money out of mainland China in a flood now, preferring to own property in Hong Kong, or even better Singapore, Sydney or Vancouver. How is that "better off"?

[touchring]

Re: A "Flood" of new oil..........

touchring, in what ways do you distinguish between what looks like massive over-development of real estate in dubai from what looks like massive over-development of real estate in china?

China is much better off than Dubai. Dubai is 85%-90% made up of expatriates that can return home anytime. Who will reside in those condos and mansions then?

[don]

Re: A "Flood" of new oil..........

China, Dubai, always good for a laugh.

Come to America to see how real building is done . . . .

[jk]

Re: A "Flood" of new oil..........

I don't believe they have something similar to Dubai.
.

touchring, in what ways do you distinguish between what looks like massive over-development of real estate in dubai from what looks like massive over-development of real estate in china?

[touchring]

Re: A "Flood" of new oil..........

We'll know the Chinese real estate bubble is finally peaking out when they announce they are building a replica of Dubai.

I don't believe they have something similar to Dubai.

But judging from the price of oil and the languishing EU economy, Dubai may need to endure another round of real estate bubble burst.

[GRG55]

Re: A "Flood" of new oil..........

I believe it depends on the sector and region.

In many countries with construction booms, China especially, the real estate sector has reached the point of no return.

The following photos are all from the empty and almost fully completed new CBD of Tianjin city, modeled after Manhattan - http://en.wikipedia.org/wiki/Yujiapu_Financial_District...

We'll know the Chinese real estate bubble is finally peaking out when they announce they are building a replica of Dubai.

[lakedaemonian]

Re: A "Flood" of new oil..........

thanks touchring.
Reminds me of a street scene from "Omega Man"

+1

i was going to say the place reminds me of the world's biggest movie set.

It's certainly nice to have some visuals of the scale of this thing.

[GRG55]

Re: A "Flood" of new oil..........

Mr Escobar's understanding of energy politics in the Persian Gulf and the Levant is tenuous at best, as is his geography of the same region.