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$98 per barrel oil



 
 
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  #1  
Old November 9th 07, 10:56 PM posted to rec.aviation.piloting
Morgans[_2_]
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Posts: 3,924
Default $98 per barrel oil


wrote in message
...
Montblack wrote:
("Judah" wrote)
So illuminate. What exactly is the scope of what's happening in
(industrial) China?



Phenomenal growth and potential for more growth.


Phenomenal growth by selling at a loss with potential for a total
economic crash.

China can't sell at a loss long enough to drive all the competition
out of business, part of it maybe, but not all of it.


You think China is selling for a loss? That isn't my take of it.

They sell cheap because they are labor intensive, and their labor is dirt
cheap... Pennies on the dollar of what employers in the US pay. Add to
that, they have little control on emissions, and disposal of hazardous
waste. There is no OSHA to look out for employee work conditions, and they
are in many cases deplorable. On top of it, they use the cheapest material
to do the job, and mostly, cheaper materials than are needed to do the job.
Much of their steel is of such low quality, that it is unsuitable for any
heavy use for any reasonable period of time.

Eventually, all of these things will turn around. Just as how in the 60's
"Made in Japan" meant that it was probably junk, they turned it all around,
to the point that their goods are generally very high in quality. The cheap
production turned to another developing part of the world, and the cycle
repeats itself.; again and again.
--
Jim in NC


  #2  
Old November 9th 07, 11:03 PM posted to rec.aviation.piloting
Bertie the Bunyip[_19_]
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Posts: 3,851
Default $98 per barrel oil

"Morgans" wrote in
:



they have little control on emissions, and disposal of
hazardous waste.


Bit like New jersey.

There is no OSHA to look out for employee work
conditions, and they are in many cases deplorable.



Bit like the meat packing industry.


On top of it, they
use the cheapest material to do the job,


Bit like the auto industry.



Eventually, all of these things will turn around. Just as how in the
60's "Made in Japan" meant that it was probably junk, they turned it
all around,



Already have in many cases. I bought a musical instrument made in china
that's a direct ripoff of a US product and it's made of very high quality
material and very good workmanship. It's about 85% as good as the original
and cost about 10% of the price..


Bertie
  #3  
Old November 10th 07, 12:05 AM posted to rec.aviation.piloting
[email protected]
external usenet poster
 
Posts: 2,892
Default $98 per barrel oil

Morgans wrote:

wrote in message
...
Montblack wrote:
("Judah" wrote)
So illuminate. What exactly is the scope of what's happening in
(industrial) China?



Phenomenal growth and potential for more growth.


Phenomenal growth by selling at a loss with potential for a total
economic crash.

China can't sell at a loss long enough to drive all the competition
out of business, part of it maybe, but not all of it.


You think China is selling for a loss? That isn't my take of it.


They sell cheap because they are labor intensive, and their labor is dirt
cheap... Pennies on the dollar of what employers in the US pay. Add to
that, they have little control on emissions, and disposal of hazardous
waste. There is no OSHA to look out for employee work conditions, and they
are in many cases deplorable. On top of it, they use the cheapest material
to do the job, and mostly, cheaper materials than are needed to do the job.
Much of their steel is of such low quality, that it is unsuitable for any
heavy use for any reasonable period of time.


Eventually, all of these things will turn around. Just as how in the 60's
"Made in Japan" meant that it was probably junk, they turned it all around,
to the point that their goods are generally very high in quality. The cheap
production turned to another developing part of the world, and the cycle
repeats itself.; again and again.


That's part of it, but if Chinese companies were selling at a profit
they would be able to service their bank loans, which they can't.


--
Jim Pennino

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