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What Happens When We Run Out Of Oil?

While you and I may complain that gasoline costs too much and it’s not back down to the .19 cents a gallon that I paid as a high school kid, what will happen when gasoline reaches $10.00 per gallon and higher?

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China, closing in on the American Dream of a chicken in every pot and a car in every garage, today adds 16 million automobiles to its roads annually. They suffered a 60 mile traffic jam last fall, commonplace in Los Angeles and Chicago!

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Source: Brian Williams at NBC New At China’s current rate by 2030, according to James Howard Kunstler, author of The Long Emergency, they expect to burn 98 million barrels of oil daily!

That’s one country with 1.3 billion people and adding 8.0 million net gain annually. They will burn more gasoline per day in the next 19 years, than the entire human race burns daily in 2011.

To display the dynamic of burning 84 million barrels of oil daily in 2011, let’s take an oil “drum” that holds 42 gallons. It measures 20 inches at the base. If you take 84 million of them and stood them side by side, they would create a “belt” around the world at the equator of 25,000 miles. We fill all 84 million of them with oil pumped from the ground and burn them down to nothing but “carbon footprint” every single day of the year. Source: Dr. John Tanton, www.thesocialcontract.com Check the carbon footprint damage at www.350.org for the accelerating environmental damage to our biosphere created from such a horrendous and continuous burn of fossil fuels.

While you and I may complain that gasoline costs too much and it’s not back down to the .19 cents a gallon that I paid as a high school kid, what will happen when gasoline reaches $10.00 per gallon and higher? Source: Chris Steiner’s book—$20 Per Gallon After that, what happens when it runs out?

via OfficialWire: What Happens When We Run Out Of Oil?.

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Will Myanmar’s coup help China influence ASEAN?

The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.

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On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.

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China

Rapid growth in China post-COVID makes it ripe for investment

Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.

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China’s economy rebounded sharply.

In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.

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China

Mainland China is in no position to take Taiwan by force

Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.

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The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.

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