Saturday, April 09, 2005

Daily Fortune Cookie News

Anti Japanese Riots Break Out in China

April 9 - Mass demonstrations here against Japan turned unruly late Saturday afternoon, with scattered vandalism and confrontations with the riot police intensifying what began as a fully legal and generally peaceful student-led protest.

Several hundred protesters tried to storm the residence of the Japanese ambassador in Beijing, hurling bottles and rocks into the walled compound before riot police broke up the confrontation, witnesses said.Crowds defaced billboards advertising Japanese electronics products, shattered windows at a Beijing branch office of the Bank of Tokyo-Mitsubishi, and threw rocks into a Japanese restaurant, but thousands of ordinary police and paramilitary units in full riot gear kept the violence from spreading.

The New China News Agency estimated that 10,000 demonstrators joined a march calling for a boycott of Japanese goods in Beijing's high-tech and university district earlier Saturday, making it one of the largest protest events authorized by the Chinese government in years.

Subsequent gatherings at the Japanese ambassador's residence and the Japanese Embassy appeared to have been organized without official approval and were considerably more tense, with the police closing off many roads and busing in reinforcements to maintain order.


Second day of rallies, violence rising

demonstrators

China, Japan Lock Horns Over Asia Meeting

Tokyo is eager to open up membership to the East Asia grouping, but Beijing is wary.

Asian giants Japan and China have locked horns over membership to the East Asia summit that will meet in Malaysia later this year.

Tokyo wants to drastically expand the membership, while China does not.

Tokyo has lobbied Asian nations about Australia, India and New Zealand joining the group. An expanded gathering could open the door to giving the United States observer nation status, officials say.

This is key because Washington generally disdains big-bloc groupings.

But Beijing fears the summit could become an unwieldy body and is seeking to limit participation to the 10 nations that belong to the Association of Southeast Asian Nations (ASEAN) along with Japan, South Korea and itself.


Chinese Engineers Displace Japanese

Japanese electronics giants call on skilled Chinese workers as they shift to upscale products.

SHANGHAI--Wanted: Local engineers for product development at Japanese consumer electronics manufacturers in China.

Hitachi Ltd. and Matsushita Electric Industrial Co. are both hiring in record numbers as the need grows for skilled technicians to develop high-end products for the local market, including those featuring advanced energy-saving technologies and health benefits.

The Hitachi group employs some 27,500 people in China. Most are factory hands. The number of university-educated engineers stands at only 700, an insufficient pool of talent for a company that has to meet growing demand for higher value-added products.


Seems to be happening to the Japanese, too. Note they are in a rising depression again. People earning less and less...

Sharks Circling Water Here

With the abolition of U.S. and European textile and apparel import quotas at the end of last year, Japanese manufacturers are planning massive investment in production-but not at home.

Billions of yen for new plants will be flowing to China instead.

Toray Industries Inc. alone plans to spend 17 billion to 18 billion yen to construct a new factory in the country.

China's commodity-grade textile products are expected to overwhelm world markets, and there is little Japanese companies can do but set up shop in the burgeoning behemoth. Labor costs in China are about a twentieth of those in Japan.



Pandas

The Pandas finally figured out the birds and the bees stuff.

Daily Fortune Cookie News

China New Hegemon in South America

China Moving to Replace US Influence in Latin America
By Patrick Goodenough
CNSNews.com International Editor
April 08, 2005

Pacific Rim Bureau (CNSNews.com) - China's growing influence in Latin America forms part of a "grand strategy" to counter U.S. dominance and eventually replace America as the world's most powerful nation, U.S. lawmakers have been told.

Officials and experts testifying before a House subcommittee hearing this week used different terms to describe the gravity of the challenge posed to the U.S. by Chinese actions in the Western Hemisphere, but they generally agreed that Washington needs to respond.

Lawmakers heard about Beijing's growing economic and political influence in South America and the Caribbean, developments described as "worrisome" by Peter Brookes, director of the Asian Studies Center at the Heritage Foundation.

China also is expanding its military-to-military contacts in the region, Assistant Secretary of State for Western Hemisphere Affairs Roger Noriega told the panel. He cited reports of 20 visits to Latin America and the Caribbean by national-level Chinese defense officials, and nine such visits in the opposite direction.

During a visit to Brazil, Argentina, Chile and Cuba last November, Chinese President Hu Jintao announced $100 billion worth of investment over the next decade.

Brookes described Beijing's plans for the Western Hemisphere as part of its broader strategy to challenge the U.S.

"China is looking to 'quietly' use its growing economic strength to build new political relationships abroad, while exploiting dissatisfaction with the United States wherever possible," he said.

"Eventually, in Beijing's estimation, once China has gathered as many allies and friends as possible -- and developed its economic and military strength to near that of other major powers, it will be able to challenge the United States directly, if necessary."

The goal was "to succeed the U.S. as the world's most powerful nation."

To that end, China was seeking friends and allies in Latin America as well as in other regions, Brookes said.

"Its actions are worrisome in Latin America and the Caribbean because some national leaders, such as Venezuela's Hugo Chavez, welcome the arrival of another world power to offer an alternative to the United States."

'Neglect'

Lawmakers heard a pessimistic assessment of how the U.S. was viewed in Latin America from Cynthia Watson, professor of strategy at the National War College.

"For Latin America, long impatience with U.S. neglect translated into virtual giddiness at the Chinese leader's appearance in the region [during his November visit]," she said.

"Ironically, Hu Jintao's vision of greater economic, financial, trade, and technology ties was precisely the sort of engagement that Latin America has long wanted from Washington.

"Latin America was ready to welcome someone who came with a smile and an outstretched hand, rather than the lecture and wagging finger Latins have received from so many high-level U.S. visits."

Watson said Latin America would continue to reach out to China as long as it perceived that it was being neglected while the U.S. focused on promoting democracy and free trade in the Middle East.

Noriega, by contrast, gave an upbeat appraisal of the situation, saying that it was unlikely the Chinese moves would translate into significant political support from Latin American countries on multilateral issues.

"China is a growing presence in the Western Hemisphere, but it is safe to say that the United States has been, and will continue to be, the long-term partner of preference - a preference not based on short term-term economic deals, but based on shared values and common long-term objectives," he argued.

In Brookes' view, the U.S. had work to do "if Washington wants to neutralize China's growing influence in Western Hemisphere."

"An effective strategy would include expanding its own free trade network, helping friendly nations develop strong market economies, and fostering closer, more cooperative security relations with our Latin American and Caribbean neighbors," he said.

Indiana Republican Rep. Dan Burton, chairman of the subcommittee holding the hearing, said the U.S. "must work in earnest" to prevent China's influence from unraveling U.S.-backed reforms in the region.

"The traditional goals of U.S. policy in Latin America have always included promoting political stability, promoting democracy, increasing access to markets, and preventing the rise of a hegemonic power," he said.

"Until we know the definitive answer to this question of whether China will play by the rules of fair trade, and engage responsibly on trans-national issues, I believe we should be cautious and view the rise of Chinese power as something to be counterbalanced or contained - and perhaps go so far as to consider China's actions in Latin America as the movement of a hegemonic power into our hemisphere."


Oh my, China is going around offering...MONEY! Dollar bills! $100 billion bucks. Wow. We go there and beat them with a stick, demanding they pay us interest and principal or else. The pictures of Argentinians digging in garbage for food while we lectured them about running up national and personal debt....


looting
Take a good look at these middle class looters, this is our possible future

Oil News in April

ChervonTexaco to become UnocalChevronTexaco

ChervonTexaco said today that it had agreed to buy Unocal, a large independent American oil company, in a cash and stock transaction valued at $16.8 billion, in a move that expands its global reach and could ignite a wave of takeovers of mid-tier producers.

The deal is the oil industry's largest in three years, and it gives ChevronTexaco many undeveloped reserves in Azerbaijan, Indonesia and the Gulf of Mexico at a time when oil companies are having trouble finding new prospects. It also ends months of speculation over the future of Unocal.

The deal comes at a time when giant oil companies are flush with cash, thanks to record crude prices, but short of fresh opportunities to develop fields. That has led some, like BP in Russia, to seek growth through acquisitions rather than through exploration.

With talks extending late into Sunday night, ChevronTexaco beat Eni of Italy, Europe's fourth-largest oil company, and the Chinese state-owned oil company CNOOC after Unocal put itself up for sale in an auction earlier this year. The takeover interest in Unocal, based in El Segundo, Calif., near Los Angeles, helped push its stock price up by nearly 50 percent since the beginning of the year.

ChevronTexaco, the second-largest American oil company after ExxonMobil, will pay $4.4 billion in cash and issue 210 million shares for Unocal, valuing the company at $62 a share, which is 3.7 percent lower than its market value on Friday. It will also assume $1.6 billion of Unocal debt.

Today, Unocal's shares dropped $4.75, or 7.4 percent, to close at $59.60 on the New York Stock Exchange. ChevronTexaco's shares fell $2.33, or 3.9 percent, to $56.98.


chart1

chart 2

The industry base is consolidating, not growing. The seven sisters are now four black widows.

IMF Warns of Permanent Oil Shock

MF warns on risk of ‘permanent oil shock’
By Javier Blas in London
Published: April 7 2005 20:02 | Last updated: April 7 2005 20:02

oil price upThe world faces “a permanent oil shock” and will have to adjust to sustained high prices in the next two decades, the International Monetary Fund said on Thursday in the starkest official warning yet about the long-term outlook for energy supplies.

Predicting surging demand from emerging countries and limited new supplies from outside the Organisation of the Petroleum Exporting Countries after 2010, Raghuram Rajan, IMF chief economist, said: “We should expect to live with high oil prices.”

snip

The IMF forecast in its World Economic Outlook that crude would cost $34 a barrel in 2010 in today's money and would rise to $39-$56 a barrel in 2030. The predicted prices are well above market and oil industry expectations. They are also much higher than the latest long-term forecast from the International Energy Agency, the oil watchdog, of real oil prices of $27 a barrel in 2010 and $34 a barrel in 2030.


“The shock we see is a permanent shock that is going to continue... and countries need to adjust to that,” said David Robinson, deputy IMF chief economist.

Opec will need to increase production further to balance the oil market in the second half of the year, the US government said.

The IMF called on emerging countries in Asia, which this year would account for 40 per cent of the increase in oil demand, to curb their fuel subsidies. Several countries in the region, including China, Indonesia and Malaysia, have recently increased petrol prices in an attempt to reduce consumption.

The IMF based its forecast on a sharp rise in global oil demand, particularly from increased vehicle ownership in China, and non-Opec production reaching a plateau around 2010.

It expects oil demand to grow at a yearly rate of 2.1m barrels a day above the 1.5m b/d the market considers sustainable to reach 138.5m b/d in 2030.

snip

But the IMF's report paints a gloomy picture for energy consumers: “With global dependence on oil production from Opec countries rising, much would depend on Opec supply response; most likely however, there would be growing upside risk to prices.” It estimates that the cartel, which controls 40 per cent of global oil production, would need to invest about $350bn to 2030 in new installations.


Pretty picture, no? Note no mention of AMERICA reducing our oil appetites...

Visit this blog! The Oil Drum

Hubbert Oil Peak Information

Life After the Oil Crash

This is a must read site. When I first found it, some years ago, I was estatic.



"A Fellow Voice in the Wilderness . . ."

Dear Matt,

You may or may not recognize my name. I am an old buddy of Ruppert, for several years we have chatted about the New Dark Ages.

My father wrote the first book about solar energy and was the head of
Carter's commission on alternative energy.

I used to lecture about what I call "the Real Dark Ages" when oil runs
out. I used to get all sorts of amusing ripostes. Like "there is about 500 years of coal left" and then I remind people that the Byzantine empire lasted for a thousand years. 500 years isn't much more than an eyeblink.

I used to ask people, "Raise your hand if you think people will be carrying your litter for you when the oil runs out and we revert to living like two hundred years ago". Everyone raises their hands. Then I tell them to put their hands down and I will show them who will be the laborers and who will be riding high and mighty, namely, myself.  "All of you will be doomed to be the ones pulling the car I will ride in for statistically, 99% of the population will serve the 1% and the chances of this 1% being all of you is near zero".

I also, in 1976, would explain that the current oil crisis was a currency/political crisis and was good because it was a wake up call.  I said, "In the year 2000, the real oil crisis will begin and we will be at war in the Middle East, fighting over oil".

I used to appear on TV and the radio and science fiction conventions and universities used to sponsor me, I even talked at a Dr. Who TV conference (meeting most of the doctors!). George Lucas and I once
appeared on stage together.

And today?

My phone doesn't ring. I have no speaking engagements. No one wants to hear me. As our pitiful window of opportunity slides shut, no one will talk to me. When I first e-mailed Ruppert, about six years ago, he was suprized I was so muffled. For my voice was stilled by our "real rulers" who decided, when they backed Reagan, that fantasy was better than reality and that the final plan would be to steal all that oil using our powerful military and our nukes.

The average American can't understand the downside to this plan. Downside: the oil will still run out but on top of no oil, we will be a dead civilization that doesn't deserve to exist. So much for America the Beautiful.

I welcome your blog and hope you keep up your labor.  Don't expect to get rich or beloved. I was Cassandra and my reward has been to be reviled and hated by millions. But if more people wake up and smell the stink, all the better. You might even see me on CBS again! Or CNN, for that matter!

By the way, Shell oil announced their oil reserves are 20% less than they claimed last month. They even admitted that pumping is vastly outstripping new finds. Here it is.  Already at our doorstep.

Elaine Supkis

Welcome to the Research Page of Culture of Life Science News

This page has been created so anyone can access the many links and large amounts of information of technical matters which I use for writing my editorials and stories. Some of my regular links such as the Kitt Peak cameras that let me gaze at my childhood home whenever I log on. The links to volcano and earthquake activity and the feeds that monitor our world and the universe.

There are some articles I refer to nearly every day, when talking about the Hubbert Oil Peak, for example. Or global warming. Or NASA. Why be mystified or just go to one item when there are many things to visit, all near by? This is why a second blog was needed. To make it easier for me, instead of combing through my thousands of links and the weedy, overgrown bookmarks section that I struggle to organize and clean up, losing important links all the time, trying to persuade Google to fetch and getting the wrong ball...very tiresome.

Anyone else who wants to use this blog for similar purpose are welcome. I exist to spread the word! There are not enough people who know enough in this world. I want to learn more, so do the readers here, I assume!

Better: if you link me something interesting in the comments section, I will put it in the right place here! I want more links! More information! Ha, greed is good!

Thank you!