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Global Economic Downturn to Continue? (Read 97540 times)
It_is_the_Darkness
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Re: Global Economic Downturn to Continue?
Reply #60 - Dec 30th, 2010 at 12:59am
 
Don't be easily fooled by the experts on China PerceptionsNow, especially the ones coming from the USA.

China is gonna go for the resource-rich, let alone 'more land', SIBERIA part of Russia ...basically everything north of China.
Mongolia will play a false neutrality of course.
But basically you will see China dig itself out of a hole somewhat when it gives a rusted Russia a lesson about letting 'Communist' mates down.
Both will go 'Hammer & Tong' you could say.
...of course Russia will call for USA to help.

Do you want more details?
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Re: Global Economic Downturn to Continue?
Reply #61 - Dec 30th, 2010 at 8:20am
 
It_is_the_Darkness wrote on Dec 30th, 2010 at 12:59am:
Don't be easily fooled by the experts on China PerceptionsNow, especially the ones coming from the USA.

China is gonna go for the resource-rich, let alone 'more land', SIBERIA part of Russia ...basically everything north of China.Mongolia will play a false neutrality of course.
But basically you will see China dig itself out of a hole somewhat when it gives a rusted Russia a lesson about letting 'Communist' mates down.
Both will go 'Hammer & Tong' you could say.
...of course Russia will call for USA to help.


Do you want more details?


So, what would happen if a major war between China & Russia breaks out, which would drag in the USA, Europe & many others, including OZ?

Would that make matters better or worse and why?
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Re: Global Economic Downturn to Continue?
Reply #62 - Dec 30th, 2010 at 8:46am
 
So, what would happen if a major war between China & Russia breaks out, which would drag in the USA, Europe & many others, including OZ?

Would that make matters better or worse and why?"


Jesus are you still posting this poo?
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Re: Global Economic Downturn to Continue?
Reply #63 - Dec 30th, 2010 at 9:36am
 
Well for one thing - it might dissolve people like Whatsforme like a laser to cancer  Grin
Quote:
So, what would happen if a major war between China & Russia breaks out, which would drag in the USA, Europe & many others, including OZ?

Would that make matters better or worse and why?


The answer is 'nothing' except a sense of rising above such adversity as Politically motivated Wars after economic extremism.

China takes Siberia (and eventually keeps it).
China and Russia go to war. (former allies now enemies)
North Korea brings in the USA ...eventually.
Russia and USA become 'cold' Allies (former enemies now allies)
Russia hampered by former Soviet 'Satellite' nations putting the boot in.
Mongolia 'pretending' to be neutral.

With USA 'distracted' and slow to find strength, nearly every Islamic nation contributed to something akin to a mass 'riot/skirmish' against Europe ...giving the Balkans a wide berth though and taking the most action against a nervous France ...its a bit hard nukeing the enemy when they are running riot through the streets of your own cities.
Moslems will do to the French what the Germans did to the Jews though.
Eire (& IRA) send substantial support. Germany ridiculed for military inaction.

India and Pakistan/Bangladesh go at it in all out thermo-nuclear war.
Both sides are devastated and prime example of the destructive power of Nuclearisation in the hands of Military motivations. Afghanistan/Iran semi-involved and also partially devastated.
None of these nations incorporating the "Polaris Effect" - a defensive system that renders nuclear warheads nothing more than large lumps of metal. Polaris Effect designed and perfected in the Australian city of Adelaide ...since 1982.  Wink

Papua New Guinea along with Solomon Islands, Micronesia, Timor, Vanuatu invade Irian Jaya against Indonesia. Indonesia is no match for the jungle-expert Papuans and Indonesia is practically obliterated right up to the borders of Malaysia where only Peace-Keeping UN stalwart Fiji prevent the War from involving Malaysia ...officially. Indonesia is returned to 65% of its lands. Irian Jaya becomes part of "Papua". Former Indonesian lands become part of the Timorese Protectorate.
Australia only played 'Defensive' roles via Naval operations upon Australian waters ...mostly against Indonesia naval vessels and Pirates.

Most of Australia's forces sent overseas into Europe and on behalf of the USA.

Southern Asian nations take more territory into China's south during the last year of the Sino-Russo-USA war. Although Russia is defeated heavily, China fares just as bad in a very conventional war against the the USA, but still keeps the Siberian lands to the arctic circle ...the nation of China has officially drifted northwards.

Islamic intrusion into Europe finally fades due mostly to the increase of Israeli occupation into Jordan, Lebanon, Iraq and Saudi Arabia while their backs were turned. Most of Islam becomes a larger Palestine in the face of Israeli power.
Saudi wealth dries up.

Bolivian led South American forces uphold the majority of United Nations peacekeeping actions ...which gave it somewhat a more effective result.

African Piracy increased during the Wars ...even Perth was harrased.
Madagascar becomes the Piracy capital.

Besides the Sub-continental and surrounding areas experiencing mass devastation like never before, most nations suffer 'conventional' destruction from the two previous wars combined. Chinese culture begins the art of 'living underground' rather than building 'upwards' any longer. Nippon follows suit after much bombardment taken although a 'neutral' country.
North Korea utterly destroyed. Korea reigns.

...so ends World War 3, with five more to go.
stay tuned to WW5 where a 'Unified' Israel/Islam become Ishtar and take it out on Italy. Will the Church stand firm or will the people turn their back on God and instead to the Mafia to save them?

WW8 where an expanded and mighty Bolivia tells the world "Enough is enough - the Military buck stops here and so does the innocent slaughter of Animals!"


...some things are just so 'predictable' - especially when you live "down under" ....but always "a day ahead". Wink

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Re: Global Economic Downturn to Continue?
Reply #64 - Dec 30th, 2010 at 11:41am
 
It_is_the_Darkness wrote on Dec 30th, 2010 at 9:36am:
Well for one thing - it might dissolve people like Whatsforme like a laser to cancer  Grin
Quote:
So, what would happen if a major war between China & Russia breaks out, which would drag in the USA, Europe & many others, including OZ?

Would that make matters better or worse and why?


The answer is 'nothing' except a sense of rising above such adversity as Politically motivated Wars after economic extremism.

China takes Siberia (and eventually keeps it).
China and Russia go to war. (former allies now enemies)
North Korea brings in the USA ...eventually.
Russia and USA become 'cold' Allies (former enemies now allies)
Russia hampered by former Soviet 'Satellite' nations putting the boot in.
Mongolia 'pretending' to be neutral.

With USA 'distracted' and slow to find strength, nearly every Islamic nation contributed to something akin to a mass 'riot/skirmish' against Europe ...giving the Balkans a wide berth though and taking the most action against a nervous France ...its a bit hard nukeing the enemy when they are running riot through the streets of your own cities.
Moslems will do to the French what the Germans did to the Jews though.
Eire (& IRA) send substantial support. Germany ridiculed for military inaction.

India and Pakistan/Bangladesh go at it in all out thermo-nuclear war.
Both sides are devastated and prime example of the destructive power of Nuclearisation in the hands of Military motivations. Afghanistan/Iran semi-involved and also partially devastated.
None of these nations incorporating the "Polaris Effect" - a defensive system that renders nuclear warheads nothing more than large lumps of metal. Polaris Effect designed and perfected in the Australian city of Adelaide ...since 1982.  Wink

Papua New Guinea along with Solomon Islands, Micronesia, Timor, Vanuatu invade Irian Jaya against Indonesia. Indonesia is no match for the jungle-expert Papuans and Indonesia is practically obliterated right up to the borders of Malaysia where only Peace-Keeping UN stalwart Fiji prevent the War from involving Malaysia ...officially. Indonesia is returned to 65% of its lands. Irian Jaya becomes part of "Papua". Former Indonesian lands become part of the Timorese Protectorate.
Australia only played 'Defensive' roles via Naval operations upon Australian waters ...mostly against Indonesia naval vessels and Pirates.

Most of Australia's forces sent overseas into Europe and on behalf of the USA.

Southern Asian nations take more territory into China's south during the last year of the Sino-Russo-USA war. Although Russia is defeated heavily, China fares just as bad in a very conventional war against the the USA, but still keeps the Siberian lands to the arctic circle ...the nation of China has officially drifted northwards.

Islamic intrusion into Europe finally fades due mostly to the increase of Israeli occupation into Jordan, Lebanon, Iraq and Saudi Arabia while their backs were turned. Most of Islam becomes a larger Palestine in the face of Israeli power.
Saudi wealth dries up.

Bolivian led South American forces uphold the majority of United Nations peacekeeping actions ...which gave it somewhat a more effective result.

African Piracy increased during the Wars ...even Perth was harrased.
Madagascar becomes the Piracy capital.

Besides the Sub-continental and surrounding areas experiencing mass devastation like never before, most nations suffer 'conventional' destruction from the two previous wars combined. Chinese culture begins the art of 'living underground' rather than building 'upwards' any longer. Nippon follows suit after much bombardment taken although a 'neutral' country.
North Korea utterly destroyed. Korea reigns.

...so ends World War 3, with five more to go.
stay tuned to WW5 where a 'Unified' Israel/Islam become Ishtar and take it out on Italy. Will the Church stand firm or will the people turn their back on God and instead to the Mafia to save them?

WW8 where an expanded and mighty Bolivia tells the world "Enough is enough - the Military buck stops here and so does the innocent slaughter of Animals!"


...some things are just so 'predictable' - especially when you live "down under" ....but always "a day ahead". Wink



We are now at the point where many things are possible, but some are less credible.

For example -
1) WW8 where an expanded and mighty Bolivia tells the world "Enough is enough
2) African Piracy increased during the Wars ...even Perth was harrased.
Niether are going to happen!

That said, any further World War would not be a re-run of WW1 or WW2, it would just be devastation, so lets hope that the miscalculations never go there!
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Re: Global Economic Downturn to Continue?
Reply #65 - Dec 31st, 2010 at 12:23am
 
Just kidding wit ya Perceptions.
Nothing like that is gonna happen - we'll all live happily ever after.
Wink
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Re: Global Economic Downturn to Continue?
Reply #66 - Jan 1st, 2011 at 11:28am
 
The Mighty US$

Last Report dated 04/12/2010

US$ Index (basket of Currencies):  @ 78.96 (Last Report - 79.15) (2010/06/04 - 87.85)

http://www.goldseek.com/quotes/charts/usdollar/usdollarindex24hour.php

Euro - US$: @ 1.3384 (Last Report - 1.3414) (2010/06/04 - 120.44)
AUD$ - US$: @ 1.0233 (Last Report - 0.9931) (2010/06/04 - 83.17)
AUD$ - GBP: @ 0.6573 (Last Report - 0.6294) (2010/06/04 - 57.04)
AUD$ - EURO:  @ 0.7619 (Last Report - 0.7403) (2010/06/04 - 69.06)

http://www.bloomberg.com/markets/currencies/fxc.html

Gold - @ US$1,421.40 (Last Report - US$1,415.10) (2010/06/04 - $1,207.80)
Oil -  @ US$91.38 (Last Report - US$89.42)  (2010/06/04 - $72.59)

DOW @ 11,577 - (Up 20@ Tuesday close) (Last Report - 11,382)  (2010/06/04 - 11,444)
ALL ORDS @  4,847 (Up 18 @ Wednesday close) (Last Report - 4,780) (2010/06/04 - 4472)

http://www.bloomberg.com/?b=0

Last 5 years DOW -
http://finance.yahoo.com/echarts?s=%5EDJI#chart3:symbol=

THERE was movement at the FED, for the word had passed around, That the US$ was an old Regret and its value had long since passed away
==================
The VOLATILITY continues!

After approaching 89 in June and going under 76 in November, the US$ index has finished 2010 at 78.96, having recently given ground.

One of the big winners this year is the OZ$, which slid to $0.83 against the US$ in June and has since recovered dramatically to close 2010 at $1.0233.
The OZ$ also enjoyed large gains against the Euro & the GBP.
http://futures.tradingcharts.com/chart/US/M

Gold dipped a little early in the year to around $1,050 in February, but finished the year strongly at $1,421.40.

Having slipped below $70 mid year, Crude Oil recovered to finish 2010 at $91.38.

Share markets also bounced back, after reaching mid year lows, as the DOW went from just under 9800 in July, to finish 2010 at 11,577 and the Australian market rose from just under 4,300 in July to finish 2010 at 4,847.  

Given the prevailing Macro Factors at play in the Global Economy, I am reminded of Alan Greenspan’s statement about the markets & “irrational exuberance”.

In fact, the likelihood of triple digit Oil, is again looming larger and with January 1st, 2011 comes the first of the “official Boomer retirements”, the likelihood of a further Economic slowdown looms larger!

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Re: Global Economic Downturn to Continue?
Reply #67 - Jan 1st, 2011 at 12:44pm
 
World Population Growth is Declining

I know this is pretty much irrelevant to the topic of this blog, but I thought many of you would be interested anyway.  I find this information is little known and that is probably because it doesn’t fit the political objectives of many people and it isn’t splashy news material.  This is the latest best guess of the U.N.  Please note that many population experts are actually worried about a population implosion that will create an aging population with insufficient young productive people to support it.  

The current population of the earth is around 6.8 billion.  A few years ago when I suggested to some people that the population would peak at 10 – 12 billion I was laughed out of the room.  Here is what the United Nation’s experts believe at the current time.  Basically in 40 years the population is going to peak at about 9 billion and then remain there for at least the next 150 years.  Nobody really knows but the evidence against a population explosion is quite strong.

In these projections, world population peaks at 9.22 billion in 2075. Population therefore grows slightly beyond the level of 8.92 billion projected for 2050 in the 2002 Revision, on which these projections are based. However, after reaching its maximum, world population declines slightly and then resumes increasing, slowly, to reach a level of 8.97 billion by 2300, not much different from the projected 2050 figure.

– United Nations Department of Economic and Social Affairs
– Population Division

I consider this extremely positive news in a sea of doom and gloom.

Link -
http://www.ratracetrap.com/the-rat-race-trap/world-population-growth-is-declinin...
============

Given upcoming Energy problems & the great Boomer die-off, I doubt that we will reach 9 Billion.

Personally, I think we will be streching to get to 8 Billion and after that it won't remain constant, it will actually go into a long term decline (over 100 years or so), before settling (perhaps ?) at around 3-4 Billion.

Is all this Good, Bad or Ugly?

Well that depends on your timeline perspective -
Ugly - Short term (10-20 years)
Bad - Medium term (20-50 years)
Good - Longer term (50-100 years +, unless, we are too late on Climate Change)


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Re: Global Economic Downturn to Continue?
Reply #68 - Jan 1st, 2011 at 8:24pm
 
Oil is Not Food but Food is Oil: The Imminent Crisis of Food Production Dependence on Oil


Awareness of the oil crisis is ubiquitous, epitomized by America's desperate struggle to secure control over the world's oil supplies notwithstanding the specious pretexts offered as rationalizations for occupying Iraq and Afghanistan and destabilization campaigns in countries such as Iran.

Sadly absent from public discourse on oil-related issues is the impact of declining oil reserves on the production of food and the complete lack of interest of Western governments in pursuing alternate methods of feeding the world.

Many scientists have concluded that we have passed peak oil which is the point at which the maximum rate of global petroleum extraction is reached due to geological limitations.   After reaching peak oil, the rate of production enters terminal decline.

Obviously, the rate of oil production after peak oil is reached can remain at high levels but at the cost of shortening the time remaining before producing oil is no longer feasible.

Another problem in extracting oil after it reaches its peak is the net gain in energy or the "energy returned on energy invested ratio" (EROEI).   EROEI is the ratio of the amount of usable energy acquired from a particular energy resource to the amount of energy expended to obtain that energy resource.   When it reaches the point that it costs more than a barrel of oil to produce a barrel of oil as in the Alberta Tar Sands, production becomes a losing proposition.

According to a number of experts, peak oil has either been reached or approaching rapidly.   The EU energy chief warns that: "European oil consumption of gas already reached its peak.   The amount of oil available globally, I think has already peaked."   In a U.S. Department of Energy study "Peaking of World Production: Impacts, Mitigation and Risk Management", released in 2005 reports that: "As peaking is approached, liquid fuel prices and price volatility will increase dramatically."   The Association for the Study of Peak Oil (APSO) concludes that regular conventional oil reached its peak in 2005.

There are many ramifications of living in a world with dwindling production of oil, but none more important than the impact on the production of food.

Over 400 gallons of oil are consumed each year to feed one person in North America.   About one third of that oil is used to manufacture fertilizer, about 20% to operate farm machinery, 16% for transportation, 13% for irrigation, 8% for raising livestock and 5% for pesticides.   Transportation involves refrigerated trucks and planes transporting foods long distances to distribution centres.


According to Richard Heinberg, Senior Fellow-in -"Residence at the Post Carbon Institute and author: "Over all -" including energy costs for farm machinery, transportation, and processing, and oil and natural gas used as feedstock's for agricultural chemicals -" the modern food system consumes roughly ten calories of fossil fuel energy for every calorie of food energy produced."   Currently, efficiency in food production is obscenely poor and foreshadows an escalation in prices and diminishing supplies.

To sever the relationship between oil and food will require a major paradigm shift in how we produce food.   In the words of Richard Hienberg (2005): "Given the fact that fossil fuels are limited in quantity and we are already in view of the global oil production peak, the debate over the potential productivity chemical-gene engineered agriculture and agroecological farming may be relatively pointless.   We must turn to a food system that is less fuel reliant, even if it does prove to be less productive."

Link -
http://www.opednews.com/articles/1/Oil-is-Not-Food-but-Food-i-by-David-Model-101...
==============
Energy is often referred to in terms of grid and particularly base load power generation, but there are areas such as Liquids for Transport, Agriculture & Oil used in a myriad of manufacturing processes, where the real problems are, which have few, if any, solutions!  
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Re: Global Economic Downturn to Continue?
Reply #69 - Jan 1st, 2011 at 10:07pm
 
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Re: Global Economic Downturn to Continue?
Reply #70 - Jan 1st, 2011 at 10:22pm
 
Japan population shrinks by record in 2010


TOKYO (AP) — Japan's population fell by a record amount last year as the number of deaths climbed to an all-time high in the quickly aging country, the government said Saturday.

Japan faces a looming demographic squeeze. Baby boomers are moving toward retirement, with fewer workers and taxpayers to replace them. The Japanese boast among the highest life expectancies in the world but have extremely low birth rates.

Japan logged 1.19 million deaths in 2010 — the biggest number since 1947 when the health ministry's annual records began. The number of births was nearly flat at 1.07 million.

As a result, Japan contracted by 123,000 people, which was the most ever and represents the fourth consecutive year of population decline. The top causes of death were cancer, heart disease and stroke, the ministry said.

Japanese aged 65 and older make up about a quarter of Japan's current population. The government projects that by 2050, that figure will climb to 40 percent.

Like in other advanced countries, young people are waiting to get married and choosing to have fewer children because of careers and lifestyle issues.

Saturday's report showed 706,000 marriages registered last year — the fewest since 1954 and a sign that birth rates are unlikely to jump dramatically anytime soon.

Japan's total population stood at 125.77 million as of October, according to the ministry.


Link -
http://www.google.com/hostednews/ap/article/ALeqM5jFUMBFyK19dX-OzmoUL9O9yRXb4Q?d...
=============
The following site shows a chart of the Japanese Population Peaking in 2006 at just under 127.5 Million and it has since started a relentless decline, which is set to continue, probably for the rest of this century.
http://www.indexmundi.com/g/g.aspx?c=ja&v=21

Japan was the first country to start down this Population trend and the effects on their Economy are there for all to see, dating back to 1990.

Almost all other countries are set to follow a similar trend, over the balance of this century.
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Re: Global Economic Downturn to Continue?
Reply #71 - Jan 2nd, 2011 at 12:23pm
 
A Picture is worth a thousand Words


...

...

...

What does it all mean -
1) World Crude Oil Production effectively Peaked in 2005.
2) Non-OPEC Proction has effectively reduced over the last 7 years, despite a huge ramping up in Russian Production, which is now set to decline.
3) Crude Oil available for export is set to seriously decline over the next 10 years, despite continued Population & Demand increases, which will lead to heavy competition for available resources and a continued escalation in Oil Pricing, which will also drag up other Energy pricing!

However, this is only one of the major factors driving the Global Economy, the broader Economy will also have to take into consideration -
1) The effects of an Aging Baby Boomer generation, which are set to commence "official retirement" from January 1st, 2011, which means a decrease in Demand for a wide range of Products & Services, an increase in Taxes from those still employed to pay for the Boomers Pensions and Health Costs that have already been spent by 40 years of Politicians thinking the future would take care of itself.

2) The effects of the continuing slow down in Global Population Growth, which has been slowing for 40 years and is likely to hit ZPG around 2040-2050, before going into actual decline for the rest of this century, which means a slowing Growth in Demand for a wide range of Products & Services.

3) The effects of Global Climate Change, which can be hinted at by the increased prices for Wheat arising from the likes of the Russian summer Heatwave & the Australian summer Floods and increasing Oil costs!

http://chart.apis.google.com/chartchtt=Wheat,+US,+(Hard+Red+Wheat)++price+chart&chts=000000,12&chs=700x420&chf=bg,s,ffffff|c,s,ffffff&chxt=x,y&chxl=0:||2000|2001|2002|2003|2004|2005|2006|2007|2008|2009|2010|1:||1:|84.1|105.1|188.8|272.4|356.1|439.7&cht=lc&chd=t:24,25,24,24,26,26,25,25,27,29,29,29,30,29,30,29,31,29,28,28,28,28,28,28,28,28,28,28,28,30,34,37,43,43,40,37,34,34,32,32,32,30,30,34,33,34,37,38,38,37,38,38,37,35,34,32,34,34,36,35,35,34,34,32,33,32,33,34,36,38,37,37,38,41,40,41,44,44,46,43,45,48,48,46,45,45,45,45,45,51,54,59,74,76,73,84,84,97,100,82,75,79,75,75,67,54,52,50,54,51,53,53,60,58,51,48,43,45,48,47,46,44,43,44,41,36,45,56,62,61,62&chdl=($/mt)&chco=000099&chls=3,1,0
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Re: Global Economic Downturn to Continue?
Reply #72 - Jan 2nd, 2011 at 3:48pm
 
Prices to spike as Queensland coalmines inundated


FLOODS ravaging Queensland are expected to drive global coking coal prices more than 20 per cent higher for the second quarter.
This, as mines and associated rail and port infrastructure are brought to a standstill amid record rainfalls.

The state produces more than half of global seaborne coking coal, which is used in steel-making and ranks as the second-largest export for Australia.

As major port hubs and rail lines are shut down, leading commodities forecasters are predicting a sharp jump in second-quarter contract prices.


"Given the already tight met coal market, reference prices are set to rise further in the near term and maintain elevated levels through early 2011," Macquarie's London-based commodities team led by Jim Lennon told clients.

"There is strong potential for spot price rises for premium hard coking coal towards $US300 a tonne FOB Australia from $US246/t currently, while it seems inevitable that the next quarterly contract will rise from the $US225/t FOB Australia level in the coming quarter."

FOB stands for free on board and is the price buyers pay for coal when they also carry the cost of shipping and further transport to market destinations such as Japan, Korea, China and Europe.

If second-quarter contract prices for hard coking coal were set at $US300 a tonne, it would represent a one-third price appreciation.

Goldman Sachs commodities analyst Paul Gray said he expected the tightness in hard coking coal to spill over into semi-soft and PCI coal categories.

According to industry specialists McCloskey Coal, PCI producers are now seeking $US180 a tonne FOB for delivery in the first quarter, a rise of more than 20 per cent, and the major semi-soft suppliers are seeking $US170 a tonne FOB (more than 19 per cent).

BHP Billiton, Wesfarmers and Anglo American joined other producers yesterday in declaring force majeure on their Queensland coalmines.

Anglo American said its Callide, Dawson, Foxleigh, German Creek and Moranbah North operations had been hit by rains in the Bowen Basin that the weather bureau estimates are three to five times above seasonal averages.

Force majeure is a legal term relating to the inability to deliver on a contract due to causes that are outside the control of the parties, such as natural disasters.

Japanese buyers are set to be hurt most, with ships capable of taking 2.5 million tonnes sitting off Hay Point and Dalrymple Bay waiting to load, followed by India and South Korea. Macquarie noted that there were no China-destined ships off any of the major ports.

The production disruption is also likely to hit the earnings of Queensland coal producers to varying extents.

CLSA analyst Hayden Bairstow noted that Macarthur Coal had downgraded earnings in December and said he "believes a further downgrade is now possible".

However, the profit hit for BHP and Rio Tinto was unlikely to be significant given their scale and diversified operations.

North American coking coal producers would probably snare the tonnages that would otherwise have been shipped from the lower-cost Queensland ports, despite the higher freight costs.

Macquarie's Mr Lennon also noted that the floods may have ramifications for international price-setting mechanisms.

"It raises the spectre of an interesting sub-plot, in that steel-makers would likely be more amenable to monthly pricing for coking coal (as proposed by BHP Billiton) in a price spike environment rather than, say, locking in $US300/t for a whole quarter," Macquarie told clients.

"We think a shift to monthly pricing would be difficult in the coming months -- even more so when considering that disruptions are going to leave very little spot material available from which to base an index."

Link -
http://www.theaustralian.com.au/business/mining-energy/prices-to-spike-as-queens...
=====================
Arising from the Queensland Floods -
1) Higher Coal & related Prices, including Power & Steel costs, within Australia & overseas.

2) Higher Agricultural Prices including wheat, barley, canola, raw cotton, sugar, beef and veal, lamb, wool and dairy products. Wheat Pricing will be hit hard, as the Queensland floods compound other Global problems, including the Russian summer heatwave & the WA "Drought".

3) Lower Australian GDP & Exports, resulting from lower exports of Coal & Wheat, in particular.  
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Re: Global Economic Downturn to Continue?
Reply #73 - Jan 2nd, 2011 at 10:39pm
 
Congressman Roscoe Bartlett on Peak Oil


[Part 1]



[Part 2]



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perceptions_now
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Australian Politics

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Re: Global Economic Downturn to Continue?
Reply #74 - Jan 2nd, 2011 at 11:11pm
 
Peak Oil - Robert Hirsch


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