China
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?
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!
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?.
China
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.
(more…)China
Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.
(more…)Business
Great Wall Motor (China) takes over GM factory in Thailand
The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.
(more…)-
Forex1 week ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National5 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Economics5 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
-
Banking7 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?