China remains the world's largest oil importer, and have secured even more supplies from Russia compared with 2013. With the new ESPO pipeline completed, Moscow can sell almost all of its oil to China, even the oil that today are exported to the EU. Moscow and Beijing have cultivated a close relationship at all levels in recent years, mobile coffee van and have common interests in everything from oil to foreign policy.
China has, after many years of growth, a gigantic thirst for oil, and has therefore mobile coffee van invested big money to gain influence among Canadian politicians. Former U.S. resource mobile coffee van colony now has slowly but surely become a part of China's sphere of influence. Washington has deceived themselves by putting the Keystone XL on hold which has angered mobile coffee van Canada to the point that Ottawa now flirts with Beijing.
Although advocates the White House that the Keystone XL will be built in 2015, but it is too late. Kinder Morgan and Enbridge has already built opposite pipeline to Canada's west coast in record speed. Agreements between Canada and China are ready. In principle, all the Canadian oil exports will go to China.
Shale oil is not the amazing mobile coffee van revolution that the U.S. hoped for. A new report shows that production in the Bakken fall exponentially. The other fields of shale oil is not sufficiently profitable at current oil prices in order to compensate for this shortfall. Most analysts now agree that the United States will be forced to increase oil imports in the coming years.
The icing on the cake is the Saudi king not proven in over 4 months. Many analysts speculate that he is dead but that no official PM come out. It is unclear mobile coffee van how the new power structure in the country look like if the King is really dead. In the temporary power vacuum occurs, the regime's opponents stepped up the fight and started armed attacks against the U.S. military bases that still exist in the country.
Friday, September 19, after the markets have closed: Larry Summers, the newly elected chairman of the FED since 2014, deciding that the central bank's intervention purchases will cease altogether. U.S. increasingly difficult energy situation makes it impossible to stimulate further growth, without also risking hyperinflation. For the great mass pulls, however a roll that the economy mobile coffee van is strong enough to survive on their own why aid purchases are simply unnecessary. Naturally, mobile coffee van you want to avoid financial panic and notifies the market that the stimulus will slowly withdrawn over a period of 2 years.
The indented stimulus will get interest rates to rise and the dollar to strengthen. Not to other countries mobile coffee van to gain a competitive advantage by weaker currencies clubs G20 through a decision that all members mobile coffee van must maintain a fixed exchange rate against the dollar during the transitional period of 2 years.
Monday, September 22, trading begins in Asia: The announcement from the FED get interest rates and the dollar to rush. Basically everything from oil to gold plummeting as the world's reserve currency strengthens. China still has the option mobile coffee van to reduce the interest rate does so in the hope of stemming the fall at home. Beijing still maintain its fixed exchange rate against mobile coffee van the dollar until further notice.
Gradually even the stock exchanges in Western Europe to open. Here's indebtedness significantly higher, and response to higher interest rates is noticeable right away. Housing markets are dying in the wake of the high interest mobile coffee van rates and the stock market begins its journey south with renewed strength.
Wednesday, September 24th, 18:00 Swedish time: The symptoms quickly spread to the rest of the world when all other countries are forced to follow the same pattern to maintain a fixed exchange rate against mobile coffee van the dollar. The development becomes more dramatic than politicians thought. For heavily indebted countries such as Japan is higher interest rates no option then a level of around 3% is enough to government debt interest shall devour the entire budget.
At 18:00 Swedish time when markets in Japan are closed, announces Tokyo that Japan becomes the first country to re-let its currency float. The Japanese yen plummets against the dollar in the same second as the news reaches the market. Most agree that this decision is meant to pave the way for a new round of "Abenomics".
Thursday the 25th of September, Japan opens for trade: When interest rates in Japan rose to 3%, many people realized that it simply is bankrupt. This prompted many to sell their Japanese government bonds for fear of not getting back the money you invested. These sales were the reason that interest rates in Japan pushed up higher than estimated.
Thursday, September 25th, 12:00 pm Swedish time: China announces that Japan's actions are a betrayal of the previous agreement and that you do not have any confidence in the Japanese State to pay. China believes mobile coffee van that the new Yen Tokyo thinking press will generate much higher mobile coffee van inflation than previously due to energy shortage in Japan. In real terms, it will therefore end up with a heavy loss to all who own Japanese government bonds. Against this background, it has long chosen to sell their Japanese government mobile coffee van bond
