Saturday, April 1, 2017

Does this look like "keep it in the ground?"

ABO | Chinese energy looks abroad: "China is currently the world's second largest economy, but the dependence on crude oil has exceeded more than 55%. Taking into account the background of the world oil, energy has become the bottleneck of development. In recent years, Sinopec's crude oil production has been getting slower and slower, in 2009 there was only than 1.5% increasing of extraction than in 2008. In the first half of 2016, Sinopec crude oil production fell 5.98% for the first time. Under such circumstances, overseas acquisitions further expand Sinopec's overseas oil and gas business, not only to make a significant contribution to the growth of China’s oil and gas production. Sinopec overseas oil production has accounted for 10% of the total output, I believe, with the accumulation of experience, Sinopec overseas oil production ratio will be further improved, which is of great significance for China's future energy demand."

Tuesday, January 17, 2017

Capitalists terrified of #freepublictransport

Beijing unlikely to offer free bus rides on smog days- "A Beijing traffic management official has ruled out offering free bus rides for residents on bad air quality days.
The free ride proposal has been floated for sometime as a way to discourage Beijingers from driving cars -- a contributor to the city's air pollution."
When Paris turned to free public transport to fight pollution, it seemed like an obvious step. Now they have decided it is "too expensive." But what they don't tell you is that fare-free public transport actually saves money. It's just a matter of looking at the bigger picture.

The costs of cars:
  • noise
  • stress
  • congestion
  • parking
  • pollution
  • collisions
  • police costs
  • fuel costs
  • road repair
  • pedestrian risk
  • on and on....
are reduced by much more than the lost amount of fares. And where does the "lost" fare money go? Into the pockets of common people who then spend it and stimulate the economy.

So, what is the problem?

The problem is that fare-free public transport gives people the idea of living without cars. This would be a disaster for capitalism. Cars are needed for economic growth. Cars encourage people to sprawl out and have children. This is growth that capitalism needs just as a cancer tumor needs blood.

Sunday, January 8, 2017

China aims for 30% #publictransit use by 2020

EMTV Online: "As well as capping industrial emissions, China would raise the share of public transport to 30 percent of total traffic in major cities by 2020 and promote cleaner, more efficient fuels, the new plan said."