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無獨有偶 October 3, 2018

Posted by hslu in 習近平.
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She is the first one to go down. There are definitely more to come. Chinese government is probably talking to others about how much they have to pay back to avoid jail time.

Fan is being made an example to warn the others and the entertainment industry to stop the tax avoiding practice.

Way to go, China.

I personaly like to see a few of them go to jail for what they did.


Taiwan has serious corruption problems, i.e., kick backs, false bidding process, in government projects too. Will someone in 蔡英文’s government step up to the plate and rid these thugs too?

財大則氣粗 August 18, 2018

Posted by hslu in Economics, Middle East, Oil.
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沙烏地阿拉伯的大財從石油來;沙烏地王子的粗氣從 Trump 來。財大則氣粗;氣粗則自以為是。

Source: Flipboard

有了財就目空一切。有了氣則自以為了不起。Trump 如此,沙烏地阿拉伯的王子也如此。可是,沒有 Trump 撐腰,沙烏地阿拉伯的粗氣是來不了的。這就是 bully 鼓勵 bully,一丘之貉的道理。

以前,人權問題一直都是美國手中的一根沒什麽用的棒子。美國沒事就把這根棒子祭出來到處打繫他的敵人,用它來干預其他國家內政的武器。可是美國從來不敢用這根棒子打沙烏地阿拉伯,因為美國需要沙烏地阿拉伯的石油。1973 年石油危機,美國加油站大排長龍時如此;2018 年,美國油頁岩石油產量激增時也是如此。







WOW! May 25, 2018

Posted by hslu in Islam, Middle East, Muslim, 中東.
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Is Saudi Arabia’s 32-Year-Old Crown Prince Dead?


As of today, Saudi Arabia’s Crown Prince Mohammed Bin Salman has not been seen in public for 44 long days.

It’s a bit unusual for him.

He does have many enemies.

Wow! 窩裏反了! April 30, 2018

Posted by hslu in 美國, Muslim, Religion, U.S. Foreign Policy.
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Source: Fox News

There is more!

source: Fox News

Last I checked, Palestinians, just like Saudi Arabians, are predominantly Sunni Muslims.

So, we have a sunni muslim nation supporting Israel and trashing a fellow Sunni muslim nation.


What’s going on in Saudi? April 21, 2018

Posted by hslu in 特朗普, 石油, 美國, Economics, Middle East, Muslim, Oil, Trump, U.S. dollar, U.S. Foreign Policy, 川普.
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There is no doubt that the new Crown Prince of Saudi Arabia, Mohammad bin Salman bin Abdulaziz Al Saud has managed to angere many of his rich and prominent step brothers and relatives.

The blessing from Trump for him to put some of his brothers and relatives under house arrests, his close relationship with Trump’s son-in-law Kushner, his willingness to counter Iranian aggression in the Middle East, his new plans for the oil-depedent country, his not-very-successful military actions against Yemen, his attempt to open the door of the Islamic country to western culture and his grab of power inside the royal family are things which could create havoc to the country in the hands of the royal family.

Source: The Drive

I of course do not know what’s taken place near the royal palace. But, any news which rattles the power structure of the Saudi royal family could send crude oil price to level we haven’t seen in years.

We’ll see.

Wow! What a story! March 22, 2018

Posted by hslu in 特朗普, 美國, Global Affair, Trump, U.S. Foreign Policy, 川普.
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Saudi Crown Prince Boasted That Jared Kushner Was “In His Pocket”


Freelancing American’s foreign policy in Mideast for personal gains?

When it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

99.99% certain in this case?

Do American people even care that something like this is going on in their government?

Probably not.

Trading oil futures with Renminbi January 7, 2018

Posted by hslu in 石油, 美國, Energy, Renminbi.
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It is about to happen because the Shanghai International Energy Exchange (INE) 上海國際能源交易中心 will soon open to take your renminbi in exchange for energy future contracts.


Foreign traders are welcome because INE is registered in a pilot free trade zone in Pudong, Shanghai where foreign financial companies can set up their branches there. The headquarter of INE is 5 miles from my Pudong apartment near the Lujiazui financial district. I shall pay it a visit in time.

Crude oil, natural gas, and petrochemical products can be traded there.

Will the foreign energy traders come? I don’t know because China has capital flow restrictions but these restrictions may be less stringent in the pilot free trade zone for both the foreign companies and locals working with foreign institutions.

Will renminbi replaces US dollar as the dominant petro currency?

Probably not anytime soon giving the closer tie between Saudi Arabia and U.S. right now. However, with U.S. shale oil productions fixing to rise, thus reducing oil imports, as oil trades firmly above $50 a barrel and as Chinese economy grows, Saudi has to compete with Russia and other oil exporters to sell its oil to the Middle Kingdom. It is a given that China will insist on using renminbi to settle energy contracts on INE.

Will Saudi take renminbi for its oil? It probably has to.

Source: Bloomberg



Soon, financial institutions and national oil companies around the world will increase their renminbi reserves if they haven’t done so already to deal with China in the lucrative energy sector.

Next time when we visit Shanghai, we will check the INE out.


Mohammed bin Salman, Saudi Arabia, Iran and oil December 15, 2017

Posted by hslu in China, 石油, 美國, Energy, Global Affair, Islam, Middle East, Military, Oil, Putin, Trump, U.S. Foreign Policy, 川普, 中國.
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Mohammed bin Salman’s ill-advised ventures have weakened Saudi Arabia’s position in the world


The failed policies of Mohammed bin Salman, the growing influence of Iran and the formation of Shia cresent are the primary reason that WTI is trading above $55 a barrel and Brent crude at $63 a barrel. A 20% war premium has been added to the price of crude oil contracts since November. It has gained more than 30% since the low achieved in late June of this year.

Saudi Arabia has been fighting a proxy war with Iran via Yemen for 2 years with little but many dead Yemenis to show for. Saudi’s oil infrastructure is now under external threat from Yemen which will keep the price of Brent crude at an elevated level. 

US shale oil production is expected to rise because WTI is trading at a few dollars below $60/barrel. However, since US exports very little of its oil, the spread between WTI and Brent crude will widen.

Source: CNBC

Source: CNBC

With WTI comfortably trading above $45 a barrel, roughly the average price of WTI for the past three years, oil company stocks should see a nice rebound in 2018. If the tension between Saudi and Iran flares up further, oil companies should see more upside too. 

With an young and inexperienced prince in Rydah colluding with a dotard and impulsive Trump in the WH, giant mistakes will continue to happen.

It is bad for the world.

It is good for China and it will be great for the US oil companies.

Putin is smiling too.

Trump and Mohammed bin Salman November 19, 2017

Posted by hslu in 石油, 美國, Energy, Global Affair, Islam, Middle East, Muslim, Obama, Taiwan, Taxes, Trump, U.S. Foreign Policy, 川普.
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Trump has unleashed the Saudi Arabia we always wanted — and feared


Trump’s first foreign trip after his inauguration was to Saudi Arabia. 


What did his advisors tell him? 

What would he gain by talking to Mohammed bin Salman other than undo what Obama did to the Middle East before him?

Did he really think that he can make his mark in history with peace agreements between the enemies in the Middle East?

Did he try to lend legitimacy to a young and untested Saudi prince who requested the meeting in the first place?

Did Trump believe that Saudi Arabia might be on the cusp of forming an alliance with Russia to dominate the world oil market?

Did Trump want to tell the prince in person that America will no longer insert itself in any future Middle East conflict because Saudi is a big boy who should handle itself like a grown man instead of hiding behind the U.S.?

Did Trump just want to be bold,  unpredictable and keep people guessing?

Or mabe Trump want to check out Saudi’s golden toilet?

Shouldn’t Saudi be sanctioned too? August 26, 2017

Posted by hslu in 美國, Democracy, Economics, Global Affair, Trump, U.S. Foreign Policy.
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The U.s. government is putting a new run of sanctions against the Venezuela government because of ‘Maduro dictatorship.’

Source: BBC News

Let’s see which country is a prime example of “violating human rights” and “subverting democracy”: Saudi Arabia. Is Saudi the next target of U.S. sanction?


Why is Maduro’s government the target of sanction by the “U.S.”?

Are we talking about a form of ‘nation building’ using economic means by the U.S. government here?

And the purpose of the sanction is to get rid of Murado and put someone who is a ‘friend’ of the U.S. in the government?

I don’t know so I ask.

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