German study suggests good economic prospects for the United States

[Julius Skrrvin]

A classified study by the Bundesnachrichtendienst (German foreign intelligence agency) - a nerdy CIA - explores the political and economic implications of the expected revolution in the energy market.

Stemming from America's push to get off foreign oil (incl. fracking and such), the study (and IEA) expect US to turn into single largest oil exporter by 2020.

According to the study the implications will be:

• America's military and political focus will shift away from the Middle East (especially the gulf region)
  With the growing oil production the need to secure the region will disappear as the US is expected to completely turn away from ME oil in the future.
  Threats like Iran's potential blocking of the Hormuz will lose their power.
  
• China's position on the world stage will weaken
  Due to China's ever increasing demand for oil they will have nowhere to turn but to the ME so they will have to shift their interest toward ME.
  However China's armament programs cannot keep up with its resource hunger which will hamper their ability to secure the trade routes (which is what the US does atm.) and therefore possibly their oil supply.
  
• OPEC & Russia lose too
  As expected the oil producing countries' position will weaken too since US will enter the stage and break their concentrated market power.
  Russia will lose because Europe will increasingly cover its energy demand with the sources America is still tapping atm. (such as Nigeria) and because their rather costly energy production is especially vulnerable to swift changes in the market.
  Even now the decreasing US oil imports are steadily leading to increased supply & lower prices.
  
• American economy will bounce back big time
  The study predicts the creating of 3m new jobs through the low energy prices especially in the energy intensive industries such as chemical or steel industries (manufacturing jobs will come back).
  The US trade deficit is expected to be cut in half by 2020 and the dollar will rise again.
  ..

For now the article is only available in German.
Google translated: Google Translate




Shamelessly stolen from NeoGAF

 

[Shogun]

Hope them Nazi fukks are right

Spoiler

but seriously...i hope theyre right

 

[Orbital-Fetus]

Hope them Nazi fukks are right

Spoiler

but seriously...i hope theyre right

Project P@per Cl!p still in full effect.

 

[88m3]

We already make 2x our European contemporaries, Americans are doing better than they know

 

[newworldafro]

The is in the details though .......................................




Externalities ....................................................................

 

[714562]

A better way to say it is that American decline and Chinese ascension have both been grossly exaggerated.

The Chinese government has HUGE problems. Literally, social problems we could never imagine. They had approximately 55.3 labor strikes per year from 2000 to 2012.

Whenever we have ONE big strike in the US, it makes national news.

 

[Magnus Warhol]

A better way to say it is that American decline and Chinese ascension have both been grossly exaggerated.

The Chinese government has HUGE problems. Literally, social problems we could never imagine. They had approximately 55.3 labor strikes per year from 2000 to 2012.

Whenever we have ONE big strike in the US, it makes national news.

Yeah, but Chinese people dont like heavy metal so you guys can be friends.

Oh No he didnt!

 

[Julius Skrrvin]

A better way to say it is that American decline and Chinese ascension have both been grossly exaggerated.

The Chinese government has HUGE problems. Literally, social problems we could never imagine. They had approximately 55.3 labor strikes per year from 2000 to 2012.

Whenever we have ONE big strike in the US, it makes national news.

yep. there is some weird ideological shyt going down over there and it may not be as stable as it seems. i guess what keeps the people in some check is they know the govt will on em if they get too out of line.

 

[The Real]

yep. there is some weird ideological shyt going down over there and it may not be as stable as it seems. i guess what keeps the people in some check is they know the govt will on em if they get too out of line.

China's incarceration rate is through the roof as well. Official stats indicate that it's pretty high- but if you add in all the shadow detainment they have, their rate of incarceration may well be higher than our own.

 

[Magnus Warhol]

China does not respect human rights. A person in power can make up a story to get rid of a rival and then bribe the authorities and the rival disappears forever. scary place.

 

[Serious]

yep. there is some weird ideological shyt going down over there and it may not be as stable as it seems. i guess what keeps the people in some check is they know the govt will on em if they get too out of line.

The definition of unnecessary-ness
Manifested
Say that we should protest just to get arrested
That goes against all my hustling ethics
A bunch of jail nikkas say it's highly ineffective
Depart from Martin, connect on Malcolm X tip
Insert Baldwin to similar the separate
To me, the truth is more fulfilling than a meth hit

 

[newworldafro]

The U.S. may have plenty of oil and gas (environmental concerns ... notwithstanding) ............ but China and Mongolia and the Congo for that matter are sitting on shytload of those precious rare earth minerals that we crave for our high tech gear...... soo....

 

[newworldafro]

This shiit cray .... really look at this imagery here .....
.... what are they .

.. in the Dakotas

http://zen-haven.com/a-mysterious-patch-of-light-shows-up-in-the-north-dakota-dark/

A Mysterious Patch Of Light Shows Up In The North Dakota DarkPosted on January 17, 2013 by Zen-Haven
Author: Robert Krulwich

This is odd. Take a look at this map of America at night.

As you’d expect, the cities are ablaze, the Great Lakes and the oceans dark, but if you look at the center, where the eastern lights give way to the empty western plains, there’s a mysterious clump of light there that makes me wonder.

It’s a little to the left, high up near the Canadian border. Just run your eye up that line of lights at the center of the country, look over to the upper left — there’s a patch that looks like a big city —but there is no big city in that part of North Dakota. There’s mostly grass. So what are those lights doing there? What is that?

If you need help, here’s the same map again, this time the patch is marked with a circle. It turns out, yes, that’s not a city. And those lights weren’t there six years ago.

What we have here is an immense and startlingly new oil and gas field — nighttime evidence of an oil boom created by a technology called fracking.

Those lights are rigs, hundreds of them, lit at night, or fiery flares of natural gas. One hundred fifty oil companies, big ones, little ones, wildcatters, have flooded this region, drilling up to eight new wells every day on what is called the Bakken formation.

Altogether, they are now producing 660,000 barrels a day, double the output two years ago, so that in no time at all, North Dakota is now the second largest oil producing state in America. Only Texas produces more, and those lights are a sign that this region is now on fire … to a disturbing degree — literally.

Original artice: http://www.npr.org/blogs/krulwich/2...ch-of-light-shows-up-in-the-north-dakota-dark

 

[Serious]

This shiit cray .... really look at this imagery here .....
.... what are they .

.. in the Dakotas

Original artice: A Mysterious Patch Of Light Shows Up In The North Dakota Dark : Krulwich Wonders... : NPR

NPR is cosigning an NWA post...

*Saves article*

 

[Yuzo Lightheart]

The U.S. may have plenty of oil and gas (environmental concerns ... notwithstanding) ............ but China and Mongolia and the Congo for that matter are sitting on shytload of those precious rare earth minerals that we crave for our high tech gear...... soo....

if i remember right china actually has the most by an overwhelming amount. they have the world by the balls in a sense because of this