Some cool guangzhou trading organization images:
Where in the globe is this?
Image by jurvetson
And why did it occur? The EV category is two and four-wheel automobiles. (jump to answer beneath)
The graph above seemed like a peek into the future, even even though it’s a graph of the past.
Meanwhile, in the U.S., oil expenditures for our vehicles have spiked to billion per day. So we have transferred .five trillion of wealth overseas, mostly to OPEC nations, in just the last 5 years. And that is just the direct expense… RMI estimates the indirect economic and military charges as double that — an further billion per day.
It was on my mind as I just read a couple of fascinating new Safe reports on U.S. energy safety. The initial was Oil and the Trade Deficit:
“In 2011, petroleum items accounted for 58 % of the total U.S. trade deficit—more than double the percentage just a decade earlier.
Continuous and growing U.S. trade deficits cannot be sustained indefinitely as the collective interest payments on the accumulated debt develop more rapidly than income.
High and volatile oil costs have pushed the cost of petroleum to levels that would have seemed unimaginable just over a decade ago. This has contributed to a speedy expansion of the U.S. trade deficit, rendering the nation increasingly dependent on foreign capital inflows and building up an huge financial liability to foreign entities. A readjustment of the U.S. trade deficit from present levels is nearly certain to be necessary. This approach could have a severe unfavorable effect on the U.S. and worldwide economies.
Every day, the United States consumes as a lot oil as China, Japan, Russia, and Germany combined.
As a result, the United States has run an aggregate deficit in petroleum of far more than .five trillion considering that 2007.
Although all of these options supply the possibility of decreasing U.S. oil use, automobile electrification has so far shown the greatest guarantee for substantial oil displacement
Importantly, the spectrum of electric-drive cars offer the most important, commercially-accessible improvements in car power efficiency today.
The nation’s dependence on oil poses a severe and ongoing threat to financial and national safety.”
The second report was The New American Oil Boom:
“Measured in terms of the share of GDP committed to petroleum spending, the threat of oil dependence is right now at its highest level considering that the early 1980s.
The notion of power independence is primarily based on a basic thought: that the United States can regain handle of its economy and its national security—at least in part—by ending its reliance on foreign oil. As discussed above, this concept has its roots in decades of American political dialogue generated for the duration of occasions of crisis in the worldwide oil market. Regrettably, this idea is fundamentally misguided and misleading. In truth, the United States has no indicates by which it can grow to be independent from the international oil market or foreign countries as long as it is a big customer of oil.
The prominence of transportation demand provides oil the majority of its financial significance in the United States. This is because it is the sector in which it has established the most hard to deploy substitutes at scale. Substitutes had been most effortlessly deployed in the electric energy sector, exactly where petroleum was practically eliminated as a feedstock in the wake of the 1970s energy crises. Residential oil demand for space heating also proved relatively simple to displace.
90 % of standard oil reserves are held by national oil organizations whose investment and production choices are far removed from the totally free marketplace best. Just put, there is no totally free industry for oil.
In recent months, a quantity of political commentators have recommended that, as the United States produces a lot more oil domestically, it will obtain sharply lower prices in much the identical way that natural gas rates have fallen throughout the surge in U.S. shale gas production. This basically is not credible. While the United States does have a large degree of autonomy in all-natural gas pricing, this is due to the fact the oil and organic gas markets are vastly diverse: there is no international marketplace for gas.
Fuel efficiency is not enough on its personal. The long-term aim of energy safety policy should be to break the petroleum’s stranglehold on the transportation sector.
More than the long term, the United States can achieve meaningful energy safety by transitioning away from liquid fuels in the transportation sector.”
The Götheborg East Indiaman Trading Vessel
Image by drs2biz
The Götheborg East Indiaman was an crucial vessel for the Swedish East India Firm. Throughout the period 1739 to 1745, the Götheborg had sailed to Guangzhou 3 occasions. On the 3rd trip it was loaded with around one hundred tonnes of Chinese porcelain china, and a further 700 tonnes of assorted Chinese things.
The vessel struck a reef and sank off Gothenburg, Sweden on 12th September, 1745 although approaching its property harbour soon after returning from her third voyage to China. All sailors survived, but the ship was lost.
In 2006, the "New Götheborg" sailed to Guangzhou to commemorate 200 years of trade in between China and Sweden.