China, US simply decide oil market's trend - Focus discussion - People Forum

China, US simply decide oil market's trend - Focus discussion - People Forum: "The U.S. summer driving season starts next week amid predictions that gasoline consumption in the U.S. will be lower than last year as squeezed motorists cut back due to high prices.

The U.S. summer driving season starts next week amid predictions that gasoline consumption in the U.S. will be lower than last year as squeezed motorists cut back due to high prices. Fear that this phenomenon will diminish overall oil demand has been a big factor in the recent fall in international oil prices from their April high of $127 a barrel.

However on the other side of the world, industry observers see the opposite situation due to the threat of electricity shortages in China. If power supply is tightly rationed this summer and the Chinese turn to backup oil-fired generators as they have in the past, oil demand may be significantly higher than previous predictions."

Yemen: "Islamic Emirate" by AQAP? - Focus discussion - People Forum

Yemen: "Islamic Emirate" by AQAP? - Focus discussion - People Forum: "The international observers say the AQAP’s seizing the capital is not a surprise. Since the eruption of the four-month-long anti-government protests aimed at ousting Yemeni President Ali Abdullah Saleh, who has been in power since 1978, the AQAP has launched sporadic heavy attacks on Zinjibar. Now they have the mature conditions to take up the city.

Zinjibar is the capital of Abyan province in south central Yemen. The impoverished state, which was the ancestral homeland of Osama bin Laden, has been wracked by violence amid protests to end President Ali Abdullah Saleh's near 33-year rule.


Washington considers al-Qaeda in the Arabian Peninsula - the Yemen-based al-Qaeda franchise - to be the world's most active terrorist cell."

Chinese central gov't vows to take lead in eliminating wasteful practices - People's Daily Online

Chinese central gov't vows to take lead in eliminating wasteful practices - People's Daily Online: "Chinese State councilor Ma Kai addresses a conference in Beijing, capital of China, May 31, 2011. Chinese central government departments and central organizations of the Communist Party of China (CPC) held a conference on Tuesday, where they pledged to set an example for the rest of the country by strictly controlling and reforming government spending. (Xinhua/Wang Ye)

Central government departments and central organizations of the Communist Party of China (CPC) held a conference on Tuesday, where they pledged to set an example for the rest of the country by strictly controlling and reforming government spending.

Premier Wen Jiabao sent a message to the meeting in which he said 'our goal is to create a clean and economical government.'"

Bloggers Note: Now coming from China, that just sounds smart. In the US, someone would be accused of cutting out important services that are essential for the poor.

However in truth there are all these little "juicy" tax incentive type things or all kinds of government spending ways, or creating tax loopholes or ease "environmental restrictions" that help politicians "pay back" their campaign supporters.

Opinion: America's dogfight over debt woes worsening - People's Daily Online

Opinion: America's dogfight over debt woes worsening - People's Daily Online: "The dogfight between the two major US political parties on whether to raise the federal deficit ceiling and avoid a default on American debts has just begun.

The stakes are high that, if no agreement comes out, the US would be sent to another financial crisis and the global economy would face the dim prospect of another great recession.

China, now holding more than 8 percent, or nearly $1.2 trillion US Treasury bonds, is certainly concerned about the quagmire, as the security of the debts repayment is on the line.

Currently， Chinese online chat-rooms are awash with ordinary people's demands for Beijing to draw down its purchase of American debts, and shift to other securer investments including buying more oil and resources as strategic reserves."

Libyan parties should move towards negotiations to solve crisis: UN official - People's Daily Online

Libyan parties should move towards negotiations to solve crisis: UN official - People's Daily Online: "At the Group of Eight (G-8) summit held in Deauville, France, on May 26-27, the secretary-general called for more humanitarian assistance to Libya and spoke with high-level officials.

'In their final declaration, G-8 leaders demanded the immediate cessation of the use of force against civilians b the Libyan regime forces as well as the end of all incitement to hostility and violence against the civilian population,' Pascoe said.

Al-Khatib will return to Tripoli this week to continue his work, Pascoe told the Security Council."

Hamas prevents youths from holding conference in Gaza - People's Daily Online

Hamas prevents youths from holding conference in Gaza - People's Daily Online: "Home>>World >> Middle East
Hamas prevents youths from holding conference in Gaza
08:25, June 01, 2011
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The Hamas police arrested two people on Tuesday and prevented a group of youths from holding a conference sponsored by the Palestine Liberation Organization (PLO) , witnesses said.

The conference was aimed at supporting a national agreement that Egypt brokered between Hamas and President Mahmoud Abbas' Fatah party.

Dozens of policemen surrounded the hall where the conference was scheduled to be held, prevented people from entering, 'beat several organizers and arrested two of them,' said Ibrahim Al- Shatali, one of the organizers."

China constructs first pure-electric auto base - People's Daily Online

China constructs first pure-electric auto base - People's Daily Online: "Construction started on China's first pure-electric automobile industrial base in Hannan District of Wuhan City, Central China's Hubei Province on May 28.

This new-energy automobile base costs a total investment of 3.3 billion yuan and covers a total net area of more than 300,000 square meters. It will mainly produce environmentally-friendly batteries, capacitors and other components. The annual output of the base will reach 3,000 vehicles and 10,000 sets of core components, and the annual sales is expected to reach 11 billion yuan.

This new kind of energy vehicles 'do not use a drop of petrol,' but can run 250 to 300 kilometers after being charged for three hours."