Tuesday, December 22, 2009
china confidential
China Investing Billions of Dollars in High-Speed Rail
Western "experts" are questioning rising China's huge investment in high-speed rail--nearly $300 billion--as reported here.
Chinese leaders couldn't care less about that--and they're right. The Westerners are motivated by jealousy or greed--investment bankers pushing other sorts of ventures.
In falling-down America, meanwhile, the passenger rail network is a joke, a shadow of what it once was, and densely populated areas are lucky to have electrified rail.
Many rural areas don't even have industrial-grade electric power, capable of supporting factories and light manufacturing, and high-speed Internet access.
In contrast with China, America has lost its ability to think and act big.
US Business Executives Foolishly Visit N. Korea
Islamist Scum Rule Somalia
Al Qaeda-connected Islamist terrorists--the same scum who back the pirates--control nearly all of Somalia. Click here for the story.
China Focusing on Venezuelan Heavy Oil
While the United States and the idiotic European Union rant and rave about "fossil fuels," rising China is intelligently pursuing Venezuela's vast heavy oil resources, as reported here.
Washington's decades-old neglect of heavy oil in general and Venezuelan heavy oil in particular is inexcusable. During the first energy crisis, the Carter administration could have crated a Western Hemisphere energy alliance, which would have united Canada, the U.S., and South America--especially Venezuela--in an effort to extract and refine heavy crude and tar sands to an extent that would have made OPEC irrelevant.