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Trump’s China deal — 8 Comments

  1. West Virginia’s claim to Coal Fame is Met Coal.

    That is, her mines are famously low in sulfur and phosphorous.

    At this time, Red China is importing VAST amounts of Met Coal from Australia — and is furious about pricing.

    So, it’s an odds on bet that Beijing will start with bottom-of-the-market purchasing of West Virginia coal mines.

    THAT’S the play.

    It’s also true that — down the road — Met Coal dovetails neatly with coal to oil schemes… should the numbers work out.

    I rather DOUBT that this will ever prove out to be anything other than a bulk purchase of West Virginia coal fields.

    Coal to oil just can’t pencil out against fracked crude oil.

    It’s not even close.

    But, the pitch looks good on paper — to those who don’t know diddly about industrial chemistry… or the coal industry.

  2. It is counter productive for MSM Propaganda outlets to acknowledge successful achievements by those they oppose. They’ll never willingly report anything positive Trump may do or achieve. If they can’t avoid it, they’ll spin it as negatively as they can. It’s what propagandists do.

  3. This crap about being “upset” by Trumps tweeting has really been done to death.

    Not going to change until Twitter tosses him off the site.

  4. “Coal to oil just can’t pencil out against fracked crude oil. It’s not even close.” blert

    What’s the upside for China then?

    “Not going to change until Twitter tosses him off the site.” vanderleun

    I’m not sure that’s going to happen. Trump’s good for business. Plus, regardless of how happy it would make those on the left, twitter tossing Trump off a public network would be bad ‘optics’. DOJ might consider it as a 1st amendment violation?

  5. Other possible reasons why this hasn’t gotten much press

    1. Memorandum of Understanding = NON-BINDING.
    2. Trump is a Con Man with a history of pulling this sort of BS. For instance, “the $110 billion arms deal to Saudi Arabia is fake news.”
    3. Concerning Saudi Arabia, “None of the deals identified so far are new, all began in the Obama administration.”
    4. Trump might be pulling this stunt again. For instance, Bloomberg reports that; Boeing Co.’s $37 billion aircraft order consists mostly of previously agreed deals…”
    5. Like the previous Saudi deals, the numbers assigned to these non-binding words on a piece of paper are difficult to verify.

    In short, the bulk of deals aren’t deals deals at all (they are non-binding), the ones that are were largely negotiated by the Obama admin, and Trump lies about numbers.

  6. Geoffrey Britain Says:
    November 20th, 2017 at 7:50 pm

    GB…

    Because of Barry Soetoro, West Virginia coal — in the ground — is selling for an INSANE discount to its value.

    Not so for Australian coal seams.

    THAT’S the play.

    It is MOST unlikely that Red China can EVER transmute Coal to Oil at anything like an economic price.

    BUT…

    Buying Met Coal at the BOTTOM of the market = money spinner.

    If I were Trump, I’d nix EVERY deal they want.

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