World view – Wednesday

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For posting on events, news, opinions and anything of interest from around the world.

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4 Comments

  1. The Consultant

     /  November 28, 2018

    Sheesh – it’s early afternoon and nothing here yet? The world is kinda important folks.

    Anyway, in case you’re wondering why prices at the petrol pump have not jumped to $2.50 a litre despite all the extra Green-Labour taxes, How American Fracking Changes the World:

    Until recently, observers expected American energy production to reach a plateau. A lack of pipeline capacity was expected to constrain output in the Permian Basin through 2020. Instead, shippers found ways to use existing pipelines more efficiently, and new pipelines were constructed faster than expected. U.S. crude-oil production is expected to average 12.1 million barrels a day in 2019, 28% higher than in 2017. Surging production has roiled world energy markets.

    It’s one the great ironies that Green-Labour is saved from electoral punishment because of gas taxes, by the very industry and process they despise. Rather like Reagan’s & Maggie’s destruction of Eastern European communism enabled Germany to slash CO2 emissions more in two years than they have even since.

    And there are added bonuses:

    The biggest loser is Iran. Shale has been pummeling Tehran for some time.
    ….
    The next biggest loser is Russia. Oil is a key revenue source for the Kremlin. But the shale boom doesn’t only pick Vladimir Putin’s pocket; it also attacks his foreign-policy strategy.

    Again the irony is rich: had Obama and the Democrats got their way on fracking, oil would be at $US 100+/barrel and Vlad would be raking it in and throwing his weight around even more than he is. For all his issues I suspect Trump knows this too.

    Reply
  2. duperez

     /  November 28, 2018

    When you’re President can’t you do anything you want? Aren’t you the most powerful person in the Western world?

    “US President Donald Trump tested the limits of his presidential authority and political muscle as he threatened to cut off all federal subsidies to General Motors because of its planned massive cutbacks in the US.

    Today Trump unloaded on Twitter, a day after GM announced it would shutter five plants and slash 14,000 jobs in North America. Many of the job cuts would affect the Midwest, the politically crucial region where the president promised a manufacturing rebirth.”

    https://www.stuff.co.nz/world/americas/108947268/trump-tests-presidential-limits-by-threat-to-general-motors

    🚗

    Reply
  3. Alan Wilkinson

     /  November 28, 2018

    The Republicans won the Mississippi Senate seat taking their majority to 53:47 I think.

    The House map is striking with the Democrats pretty much confined to the coasts:

    Reply

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