Re: Democrats pass largest tax increase in US history

Allan Smith wrote:
nick,

Nice old information .... that doesn't cut to the issue.

Your issue, apparently. Mine differs.

I guess it's obvious your issues differ, but your issues have no bearing upon what the Chinese government plans to do with China's natural resources and that's the issue being discussed.


I'm well aware of politicians tendency to state goals, programs, plans etc that are inspirational, and of the natural tendency of their staff to tell them whatever they want to hear.

Whoa there ..... "natural tendency of staff to tell them whatever they want to hear"?

I am truly surprised you would make such a statement. I must say, that statement raised an eyebrow considering the many things you have posted about your past personal activities.

Allan, no successful business leader, in any enterprise, surrounds himself with a staff who is committed to telling him what he wants to hear. Staff's and staff meetings are not called upon to just cater to an ego. They are called to discuss plans of actions applicable to plans of actions being made or to create plans of actions whose execution become the responsibility of the boss. Staff members know only too well that the cardinal rule to success is to always make your boss look good, not just stroke an ego. To do that, requires a great deal of thoughtful insight when listening and advising your boss of a plan of action. To do anything else leads to organizational chaos.

Of course, if you have been associated with the dictator-like leadership of one who has the power over life and death, then that might support your reason to make such a statement. That would be an experience I'm not familiar with. However, delving into my experiences, I've never embraced a policy of stroking the egos of my bosses and I've never accumulated a staff, nor would I tolerate having such a staff, that would stroke my ego.

After all, look at our own Administration vis-a-vis WMD.

I looked and came away with a different conclusion. Again, you are applying an erroneous thought process when not taking into account the advice that was contributed by foreign governments. Surely, you can't be advocating foreign governments are but staff members to our present administration.

Or at the non-concurring engineer who was overruled by management when he said it was too cold to launch the Space Shuttle. Political organizational structures can and do delude themselves all too easily. As an investor, I noticed long ago that what was in the Corporate Press Releases didn't often fit very well with the financial analysis and market analysis.

Apples and oranges.


Politicians can't change the laws of physics with their mouths, nor can they change the known reserves or the process of exploration, extraction, transport, or refinery capacity, using only their mouths. To discover the reality of the present, and the boundaries of future probablility, requires only some good data, and the use of an abacus.

When the politicians have a dream and start to talk, they tend to follow-up by throwing money at the problem.

Conventional business plans follow a similar procedure. Financial planning is a necessity always associated with the fulfillment of political as well as business dreams. I might even say such planning is a necessity in ones personal life style.

Understanding the realities of a marketplace, and the players therein, identify opportuity.

Fine Allan. So much for economics 101. Such knowledge is elementary and may be offered as an aside because it's not pertinent to the issue of China seeking to become energy independent.

As I stated earlier, the Chinese tend to be a bit more effective at tossing money due to their political system, so I'm looking for ADRs of, or International Funds holding, the Chinese equivalents of the Haliburtons and the Occidentals. That is where my opportunities lie.

You're tossing words that have no bearing upon what we have been discussing. What you consider to be business opportunities for you has no bearing upon the thinking process of the leaders of China, as concerns the future of China. You talk of using good data and the use of an abacus to support some sort of intuitive financial guideline foretelling the future of China. Hell, toss in the use of a divining rod if you want to and you will still be way off in dreamland.

Obviously, you're unaware of China's resolve to become as powerful a country as the US once was. In the area of business for example, a complete aircraft factory that normally would take a couple of years to become operational in an occidental country as staffed with applicable working personnel, only took about 18 months (maybe a month or two less) to become fully staffed and operational in Chang-Hi.


Yours may differ. I suspect they do.

But if your experience with the Chinese provides any insights into strategies and methodologies of investing in the the energy sector in China beyond the obvious government desire to toss yuan at it then I'm all ears.

Allan, we seem to be talking but apparently we're not having a conversation. You appear to be primarily concerned with what you think are business opportunities and I have no concern for such business opportunities 'cause I have little to no such interest in China. How you choose to invest or what you choose to invest in, as well as the type of information you would use to make an investment judgment call, is not the issue.

China's new discovery of oil has excited the Chinese government to pursue further oil exploration. The news media had reported the Chinese government wasn't aware that more large oil fields could be discovered in China. China is energy starved and in order for China to become the China its leaders want it to become, China would very much like to become energy independent. China is not interested in the sale of its energy resources, they are primarily interested in harnessing their resources. However, China has reached an agreement with Russia to develop a gas feeder pipe line into China. I've read nothing that would indicate if the agreement is temporary or permanent. I mention this because the agreement allows Russia to control the on-off gas valve and that's not in the best interests of China. No financial investment strategy you appear to be applying for your own interests have any influence upon the planning apparatus of the Chinese government.



Allan


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