Tuesday, August 21, 2012
Ah, Yes, The Legends Meet The Reality
Japan's trade deficit in July was 517.4 billion yen, considerably above the estimated. I think everyone expected European exports to be low, but a 12% drop to China falls into the "very dead mackerel in face" category.Exports fell 8.1 percent from a year earlier, compared with an estimated 2.9 percent decline. Imports rose 2.1 percent. ...Shipments to the European Union fell 25 percent in July from a year earlier, the biggest decline since October 2009, while those to China slipped 12 percent, the ministry said
I suppose we could say this may be possibly related:
Corporate earnings in China are disappointing. Singapore's July wasn't that great either. When the banks are saying one thing and the companies are saying another, I'd bet on the companies. Shipping lines seem to be hurting very badly, between the increased cost of fuel and overcapacity.“The Chinese economy is only at the beginning of a harsh winter,” Zhang Hongxia, chairman of China’s largest cotton- textile maker, said in an interview in Hong Kong on Aug. 20. “China now is facing a situation where everything from coal to steel inventories are piling up.”
India has a plan, though:
Half of the short-term borrowings of the state-owned utilities, which generate or buy and distribute electricity, will be transferred to the books of the regional governments, according to a power ministry draft proposal obtained by Bloomberg News. The rest will be rescheduled by the banks and allowed a three-year moratorium on principal repayments.Cash losses at utilities widened 15 times over three years to 288 billion rupees ($5.2 billion) in the year ended March 2010, prompting them to seek short-term loans even as dues to power producers and coal miners rose. The difference between the average cost of supplying electricity and the average tariff has almost doubled in the 11 years to March 2010, according to the draft, leading banks to refuse loans.
However, the multi-dimensionality of climate impacts makes it vital that India adopts an approach that is interdisciplinary in its character, breaks traditional ministerial boundaries, and learns rapidly from the effects of warming that are ongoing and our successes and failures in dealing with them.Experts are still learning about sub-regional impacts of climate change, but we know for sure that reducing emissions is urgent as is reducing vulnerability. We suggest the following processes: first, through a collaborative and systematic method, identify development decisions in different sectors that could lock in structures, technological systems and institutions leading to high emissions pathways, which as it turns out are also generally inequitable, and find plausible alternatives. Second, incorporate increasing climate resilience into decision-making. Climate resilience generally refers to the capacity to respond effectively to climate change.
We have a global epidemic of ignoring reality and blaming it on something else. We live in Fantasy Island, and it's not just a Western disease.NTPC Ltd. (NTPC), the country’s biggest power producer, was forced to cut generation by 13 billion kilowatt hours, or 6 percent of total production in the year ended March 31, as state government utilities reduced purchases, Chairman Arup Roy Choudhury said on Aug. 7. The company may have to cut output by almost as much this fiscal year.
That is way too true. We are more likely to be betting on a fantasy than betting on reality. That is why or win/lose ration is getting so low.
Markets seemed to work pretty well when lighting came from whale oil, which has to be one of the most expensive energy sources ever devised by man. Give people the chance to make a profit, and they'll figure out how to get cheaper energy.
Sig: You're more then welcome to have any car converted. Honda makes a CNG Civic. Beats me why you can't buy more new ones with that option.
Other than the terrible power output compared to gasoline or diesel, of course.
Links to this post: