China Surpass US Oil Imports - War Ahead?

China's Crude Oil Imports Surpass Those Of US In April

Chinese crude oil imports surpassed those of the United States for the first time in April, making the Asian nation the world’s top importer of crude oil. According to a report by the Financial Times, the world’s second-largest economy purchased 7.4 million barrels of crude oil a day in April, topping U.S. imports of 7.2 million barrels a day.

“Being the world's biggest crude importer should give China more buying power. China's engagement in the Middle East will continue to change, and it will no longer be the minority player,” Philip Andrews-Speed, head of energy security research at the National University of Singapore, told Reuters. Read More

Why Is Everyone Thinking About It?

Dr. Kinesa's - Global Edge

Thousands of implications, concerns and conclusions may be drawn from this economic energy watershed, but does anyone want to bet that this will not lead to war by 2050?  Figure if China matched US per capita consumption their imports could exceed 40 million per day and  they are heading to that level within a mere 25 years even though there is no physical chance to meet this need from global reserves and production. 

Now  you should see the problem because no nation in the world is going to give up growth policies, and thereby create domestic and geopolitical suicide. Never. Growth addictions exist and have no cure or rehab without hitting rock bottom first, as they say.

"So, beam me up Scotty"

International Offices
May 18, 2015

Food Shortages Now Rock #Venezuela

Food Shortages

Now Rock Venezuela

(PanAm Post Article)

Venezuela Reinforces Shortage Controls: Attorney General Threatens Punishment for "Hoarding"
Read More



Is It Exponential Math Yet?

Now what does Venezuela have in common with Syria, Egypt, Greece, Italy, Cyprus, Portugal  and a host of many others? Start with rapid population growth, and then add in a sharp decline in natural resources critical to generating export revenues needed to buy food stock for its growing number of mouths. The Flat J Curves that we observe globally are infesting individual countries who had for decades followed the false prophets (sic) of classical economic theory. Wealth was not created, rather it disappeared. 

Now look at what happens when those naive make-believe positive-sum games collide with real physical economic constraints that refuse to negotiate and do not allow more blood, or as in this case; OIL - to be drawn from the stone. Food Shortages result, turning to social unrest which then sets the stage for political upheaval. Anyone starting to see a pattern emerging here yet? Clearly, not the gurus working at the IMF, World Bank, UN and other bastions of astute and thoughtful analysis. 

We are not going to forecast the future here, but all minds should begin to turn to the insightful destiny of Nauru, Easter Island and others to see the path that most likely lies ahead for these failing economies. Economists may continue to mutter eloquently with gibberish that suggests these nations need to conform and adhere more rigorously to their naive growth theories and monetary doctrines. They all tried that nonsense. So why can't they create the wealth and grow out of it?

Because there is so much less to grow with, and too many more to grow for. It is a pie that is shrinking while facing demands of a rapidly growing population. And as we know, that sort of silly mathematics only works at the Highly Esteemed  Schools of Classical Economists. Voodoo math that is totally ignored by the physical laws governing - Entropy!

To close, we fondly observe - SNAFU 

Dr Peter G Kinesa

October 7, 2013 

Sharply Declining Resources



Rapidly Growing Populations



Equals = Exponential?

Professor Erle C Ellis - Miracles to Save Japan and World Economy

Professor Erle C Ellis - Miracles to Save Japan and World Economy

Japan's Nuclear Problems Persist 

(Read More) 

This above linked article from The Guardian underscores our deep concerns about the world's third largest economy. The country is shutting down its last nuclear plant for maintenance and is unlikely to see a prompt return to this energy source any time soon. Maybe 2015. That means greater reliance on imports such as liquid natural gas  leading to soaring energy costs for business and consumers. Just another blow to an already long-ravaged economy.

This also affects export trade as costs will certainly rise. In order  to compete and maintain trade volumes, the yen will undergo a further period of downward pressures, but this creates a vicious circle as import cost will concurrently rise. Japan is starting to show the same symptoms as other resource strapped nations including the incumbent social unrest.

One final point, this all has nothing to do with overpopulation, resource scarcity, peak oil, climate change nor collapsing biodiversity according to the renowned Professor Erle C Ellis, University of Maryland. Predicting based on local sources that Japan is just moments from building a new top-super-secret technology that converts radioactive water into oil and other minerals. A miracle device that will allow for further exponential growth into a bright new future. Ellis believes that more miracles create the economic path to future prosperity   

Otherwise, the Japanese miracle is now just a long old memory!

Dr Peter G Kinesa

September 17, 2013

"Miracles - take at look at me now!"

Professor, Erle C Ellis, PHD

University of Maryland

MORE #BUGONOMICS - UK Bee Crisis!

MORE #BUGONOMICS - UK Bee Crisis Turns Urgent

(Read More)

Not Again?

One cannot stress enough the urgency of this systemic issue that has the potential to lead to wide-spread drops in food production. From butterflies to bees  this is not a problem that is localized to one city, nation or continent. And it goes without saying that the loss of these pollinators could lead to more than just a deep economic depression - the potential for famine, social unrest and geo-political instability comes attached.

A few weeks back Bugonomics may have been out of sight and out of mind, but it has hit the leading headlines of the international press with a vengeance, both in North America and Europe. We sense that the other continents are not immune to this issue, as well. 

More than the eloquence of Churchill will be required to bring the force needed to wrestle this almost invisible enemy to the ground. Let's hope that it may be contained to just a gathering storm!

Dr Peter G Kinesa

September 30th, 1938

"BUGS FOR OUR TIME"

September 30,1938