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Started By
Message
Chinese put tariffs on LNG
Posted on 8/6/18 at 4:26 am
Posted on 8/6/18 at 4:26 am
We will see how this trade war plays out as it hits the US oil field.
LNG exports are booming and are set to really boom cutting drastically this trade deficit folks here on TD think is all important. This is a huge wet blanket on that. It is basically giving other natural gas producers the margin in China to invest in LNG technology to compete with us.
Guess that will have to wait.
Maybe they sell delux truck nuts in Russia and some of you oil field BAWS can get some there over the next few years as the Chinese cut deals with them to get them in the LNG business.
LINK
LNG exports are booming and are set to really boom cutting drastically this trade deficit folks here on TD think is all important. This is a huge wet blanket on that. It is basically giving other natural gas producers the margin in China to invest in LNG technology to compete with us.
Guess that will have to wait.
Maybe they sell delux truck nuts in Russia and some of you oil field BAWS can get some there over the next few years as the Chinese cut deals with them to get them in the LNG business.
LINK
This post was edited on 8/6/18 at 4:29 am
Posted on 8/6/18 at 4:28 am to I B Freeman
n=1.
The trade deficit is a clear indicator that the value of goods China sends us far exceeds the value of goods we send them.
The fruit of free trade with enemy and third world nations:
Chinese Military Recruiting Video
The Truth About Free Trade
The trade deficit is a clear indicator that the value of goods China sends us far exceeds the value of goods we send them.
The fruit of free trade with enemy and third world nations:
Chinese Military Recruiting Video
The Truth About Free Trade
This post was edited on 8/6/18 at 4:36 am
Posted on 8/6/18 at 4:30 am to I B Freeman
in the meant time, China stock market down another 1.5 points today.
Posted on 8/6/18 at 4:31 am to Boatshoes
That is correct. So?
LNG alone could end that deficit if ending trade deficits is what we want to do. The infrastructure is just now getting in place to really ramp up our exports.
LNG alone could end that deficit if ending trade deficits is what we want to do. The infrastructure is just now getting in place to really ramp up our exports.
Posted on 8/6/18 at 4:31 am to Northwestern tiger
I don’t own any Chinese stock.
Posted on 8/6/18 at 5:02 am to I B Freeman
quote:
The infrastructure is just now getting in place to really ramp up our exports.
I’m thinking we are years away from infrastructure being in place. At least to really ramp up our exports.
Many of these projects are still in the planning phases with a few in construction now.
Posted on 8/6/18 at 5:32 am to I B Freeman
You’re becoming a one trick pony like Toddy. First it was muh film credits now it’s muh tarrifs.
Posted on 8/6/18 at 6:06 am to JasonL79
JasonL79 Is correct. A few LNG projects are underway with many in the planning phase. I don't know about the rest of America but is Lousiana' baws are about to eat!
Posted on 8/6/18 at 6:10 am to JJBTiger2012
Freeport LNG starts operation in 2019. It is huge!
Posted on 8/6/18 at 6:40 am to I B Freeman
quote:We will indeed!
We will see how this trade war plays out
Posted on 8/6/18 at 6:41 am to I B Freeman
LNG is sold on contracts a year in advance at least, they may promise tariffs on future purchases a year down the road, I doubt they will put tariffs on gas already purchased.
See above, we dont have any extra LNG to sell them, the talks were about future plants we are now building. It will be a few years before we could export an additional 500 billion.
The LNG market is growing worldwide so China is by no means the only potential customer so no worries.
And yes the Chinese market dropped another 1.3% overnight. Since this has started their market has dropped the equivalent of the dow dropping 6,000 points. The renminbi will continue to slip and they will be forced to intervene at some point, last time it cost them over a trillion and it was just a bandaid. And the stronger the dollar gets the more its gonna squeeze them. They got addicted to that quantitative easing and zero interest rates of the previous adm like crack cocaine laced with their own fentanyl.
Capital investment in the US is up SIGNIFICANTLY, its at a 13 year load in chini, always follow the money fellas, it will lead you to the winners.
I truly dont understand some people like you IB, you would rather see the US economy tank, than Trump to succeed, its like Huckabee Sanders said, some of you hate Trump more than you care about your own country. A shame, a real shame.
See above, we dont have any extra LNG to sell them, the talks were about future plants we are now building. It will be a few years before we could export an additional 500 billion.
The LNG market is growing worldwide so China is by no means the only potential customer so no worries.
And yes the Chinese market dropped another 1.3% overnight. Since this has started their market has dropped the equivalent of the dow dropping 6,000 points. The renminbi will continue to slip and they will be forced to intervene at some point, last time it cost them over a trillion and it was just a bandaid. And the stronger the dollar gets the more its gonna squeeze them. They got addicted to that quantitative easing and zero interest rates of the previous adm like crack cocaine laced with their own fentanyl.
Capital investment in the US is up SIGNIFICANTLY, its at a 13 year load in chini, always follow the money fellas, it will lead you to the winners.
I truly dont understand some people like you IB, you would rather see the US economy tank, than Trump to succeed, its like Huckabee Sanders said, some of you hate Trump more than you care about your own country. A shame, a real shame.
Posted on 8/6/18 at 6:45 am to I B Freeman
Wet blanket? LOL. Get your facts straight. This is largely a symbolic move by the Chinese. For the 11st 7 months of this year only 6.9% of China LNG imports are from the US. China imports of LNG are on par with South Korea. Japan imports almost 3 times as much LNG as China. US better off selling all our LNG to Europe anyway. This is not going to hurt the US oil patch.
Posted on 8/6/18 at 7:09 am to I B Freeman
IB
I pray you don’t work in any business related field
I pray you don’t work in any business related field
Posted on 8/6/18 at 7:11 am to I B Freeman
These tariffs are going to frick up our gas line deal with China.
Posted on 8/6/18 at 7:13 am to I B Freeman
They're cutting their nose off to spite their face.
Xi is losing this negotiation badly and he's too stubborn to realize it.
Xi is losing this negotiation badly and he's too stubborn to realize it.
Posted on 8/6/18 at 7:14 am to I B Freeman
Member the EU Tariff war?
Member when they agreed to buy American soybeans, LNG, and to coordinate with us against cheaters like China?
Member when they agreed to buy American soybeans, LNG, and to coordinate with us against cheaters like China?
Posted on 8/6/18 at 7:15 am to JasonL79
quote:
I’m thinking we are years away from infrastructure being in place. At least to really ramp up our exports.
Many of these projects are still in the planning phases with a few in construction now.
I work next door to the new LNG project in South Texas. Its been in construction phase for the entirety of the 3 years I have lived here and extends beyond that. If someone does want to compete, it won't happen immediately.
Posted on 8/6/18 at 7:21 am to Kat Kat
quote:
only 6.9% of China LNG imports are from the US
The State has a gas pipeline deal with China. Cost of construction is 45-65 billion dollars, and export gas to China.
It would be a huge loss for Alaska.
Posted on 8/6/18 at 7:24 am to I B Freeman
quote:
We will see how this trade war plays out
It's working out pretty well with the EU. China is a bit more stubborn but they are also extremely dependent on US trade to keep their economy moving (far moreso than the reverse). They're also used to playing a far longer game than the US, it wouldn't shock me to see them waiting until the mid-terms to see if (from their view) enough Congressional seats switch parties to reign in Trump's hardline trade stance.
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