Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.
Joined: Mar 04, 2005 Posts: 2504 Location: New Zealand
Posted: Sun Mar 30, 2008 3:20 am Post subject: China FTA signing details revealed
China FTA signing details revealed
Quote:
Prime Minister Helen Clark will lead a delegation of 150 to Beijing for the signing of New Zealand's ground-breaking Free Trade Agreement (FTA) with China on April 7.
Trade Minister Phil Goff and Education and Ethnic Affairs Minister Chris Carter will be part of the delegation that includes business and local government representatives.
The signing of the FTA by Ms Clark and her counterpart China's Premier Wen Jiabao will he at the Great Hall of the People in Beijing.
"This is a significant event for both New Zealand and China. As is well known, New Zealand will be the first developed country to sign a comprehensive FTA with China," Miss Clark said.
The details of the agreement would be released publicly after the signing ceremony.
Stuff _________________ Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
Joined: Oct 18, 2004 Posts: 1630 Location: kiwibush
Posted: Sun Mar 30, 2008 3:10 pm Post subject: Re: China FTA signing details revealed
Graeme wrote:
China FTA signing details revealed
Quote:
Prime Minister Helen Clark will lead a delegation of 150 to Beijing for the signing of New Zealand's ground-breaking Free Trade Agreement (FTA) with China on April 7.
Trade Minister Phil Goff and Education and Ethnic Affairs Minister Chris Carter will be part of the delegation that includes business and local government representatives.
The signing of the FTA by Ms Clark and her counterpart China's Premier Wen Jiabao will he at the Great Hall of the People in Beijing.
"This is a significant event for both New Zealand and China. As is well known, New Zealand will be the first developed country to sign a comprehensive FTA with China," Miss Clark said.
The details of the agreement would be released publicly after the signing ceremony.
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