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Gold Star

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Everything posted by Gold Star

  1. China’s CCP thinks it is big enough to push smaller countries around to take what they want, by dividing and conquering those opposed. Expansion into the South China Sea is one example. It is time that ASEAN stand united as a group and show the bully they will not tolerate that kind of behavior. The west should stand with them. Otherwise, SE Asia should be prepared for a bleak future wrought with enslavement and control.
  2. Handing over humanitarian aid at a border post would undoubtedly go through the hands of the Myanmar military. Just how exactly would it get into the hands of the people that need it most, which are the ones being murdered, bombed, shot, their villages burned, and oppressed by the same military?
  3. Oil prices are now merely around a normal price range that they have been over the last 30 years when adjusted for inflation. Exploration and production capital spent globally has been only 70% of what is needed just to keep production flat. Let's see how long this subsidy lasts when oil runs up through $100 and onwards.
  4. 6AM? Thanks, I'll show the wife this. It proves why it is healthier that I stay up late drinking, and sleep in till noon.
  5. Yes. If they allowed foreigners to buy property in the same manner and rights as Thais, the market would strengthen immensely, regardless of where the money came from. This obsession with everything to be bought and proven to be made with foreign funds is absolutely ridiculous, from immigration income requirements, to property ownership. I understand that they have fears of overheating the market making it unaffordable for Thais, but it would also support higher local incomes and wages helping Thailand climb out of the third world.
  6. I'm so happy that the CP group, the 15% part owner of the Sinovac manufacturer in China, has found another way to make money from this pandemic thanks to the Thai government. Since Sinovac has finally been replaced in favour of the other better vaccines that we have known and complained about since this all started, I was a bit worried about them.
  7. They must have scored well in the 'After Works Drinks' price category, since almost everything is closed. A Chang at a 7-11 after 5 PM is quite cheap, and you don't need to tip.
  8. Mandatory health insurance just doesn't work for those with preconditions, those of an older age, those already with good health care in their home countries, and those with enough wealth to self insure. For me, I fit in 3 of those 4 categories, but luckily have an 'O' visa, avoiding this requirement. Many of my friends have 'O-A' visas, and fall into this trap. 3 million baht cover is also excessive. For that money, they could bring you back from the dead.
  9. Parties are exactly the thing that bring a police raid with everyone arrested. Welcome to Thailand.
  10. When running a marathon, and offered a 25 mile head start, it is sad that there are still a few who don't trust the officials, and begin from the starting line.
  11. Even if these numbers are true, tourists need something to do, something to spend their money on, not just sitting in their room in order to drink a Chang from 7-11 after 5PM.
  12. So they found out that one dose of Sinovac, one dose of AstraZenica, and half a dose of Pfizer is almost as effective as one full dose of Pfizer? This clearly proves it to be best to start with one full dose of Pfizer at the beginning instead of messing about with 3 different vaccines, 3 different appointments, 3 waiting periods between shots, 3 wasted days waiting in a queue at a hospital, triple the health care resources to administer it, and months of delay while the virus runs rampant.
  13. Exactly. Which are produced in your body in advance of an infection in mass quantities ready for battle by using a vaccine. Why are the anti vaxxers so daft they can't understand this simple concept?
  14. As China might experience the pointy end of the torpedos as they get more cocky in the South China Sea, the submarines sold to Thailand now come equipped with 350mm tubes, for the 450mm torpedos.
  15. What a coincidence. Over 60% of potential tourists say it is still too difficult to come to Thailand as well.
  16. Wife says 'Somchai! Why are you home so early from work?" "I got fired as the boss caught me with my member in the bottle opener" "Oh my Buddha! Are you OK? What about the bottle opener?" "Oh, she got fired too..."
  17. Before arriving at the place for the drivers to pick up the cash just around the corner, they must first drive 10 kms, stopping by 2 tailor shops, a massage place, and several nightclubs.
  18. My point exactly. Let's talk again when you see 13 million charging stations.
  19. I see thousands of articles like these that are produced supporting renewables, and the imminent demise of fossil fuels, and many demonizing the oil industry. Some may be correct, however the reality that is being missed is that the speed of change in one place is not representative of what is happening NOW on a global scale. It does not consider future energy demand, the places where that will be coming from, and affordability and ease or ability to achieve it using renewables. There are not many Teslas in my village, and I smell many around here now back to cooking with charcoal due to higher gas and electricity prices. In the last years, climate change activist policies have made it difficult or impossible to build a pipeline, or start a new oil project in many developed countries, particularly Canada. They choose instead to source their oil from someone else's backyard that have low environmental, climate, and humanitarian standards. This tends to landlock Alberta oil sands with one main customer, historically at a steep discount, the US. With the third largest oil reserves in the world, there is only one pipeline that will reach tidewater shortly, and world oil prices. ESG investors fleeing the sector have swung the pendulum to the extreme, and we are only now starting to see it swing back extremely hard with a lack of supply, and higher prices. Higher fossil fuel prices are starting to affect the cost and production of all the components required to make green energy. Commodity price spikes are starting to happen now in copper, aluminum, steel, minerals, fertilizers, transportation bottlenecks, along with electricity blackouts. Hydrogen feedstock mainly comes from natural gas. Plastics, mining, petrochemicals, medicine, asphalt, concrete, it just doesn't end. Faced with a choice, countries will choose not to freeze their populations in the dark rather than adhere to their climate goals. Despite futile attempts to release strategic reserves to control costs, China has made that clear with their recent order to 'obtain energy at all costs'. If they don't, there would likely be a revolution, and likely defeat of the CCP in China. At this early stage, my thesis has been correct. This has made me a LOT of money in the last year alone, securing a very comfortable retirement for me and my family here in Thailand. There will be a lot of losers and a few winners, as we will all watch this man made energy crises unfold. There is still time to choose what side you want to be on, regardless of your feelings about climate change. Money doesn't care about your feelings.
  20. Perhaps where you live, but here in Thailand, I have not seen one yet. From a global perspective, it presents a once in a lifetime opportunity to invest in oil stocks now at ridiculously low prices. I'm up over 200% this year and growing. EV's as a percentage of total vehicles hardly factor into the big transportation picture at all, and won't start to make a dent for a long long while. We are essentially undergoing a green energy addition, not an energy transition. The world still requires and will continue to consume 100mbpd of oil for a long time, for fuels, and all other uses, but energy needs are growing rapidly. Any slight reductions in fossil fuel consumption that may happen in developed world economies, will be offset by increased use in others. The reality is that emerging economies like India, Africa, and SE Asia demand and will require much more energy, and don't have the money to supplement that addition by using expensive renewable energy options, or the infrastructure needed to run it. Global capital expenditures for E&P are down to about 60%, while we need 100% just to replace the reserves to produce our 100mbpd we now use. This will ensure some very high future prices shortly, and resulting energy crises. The more people that believe that we are going to solve climate change by going cold turkey and blocking the development of fossil fuels, the better for me. It has advanced the date of the reality of scarcity of supply sooner, making oil companies with reserves extremely profitable. With electricity blackouts, and the resulting high energy costs crippling national economies, this will be more disruptive than most think. I chose to put my money on it. Up to you...
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