Some say the oil find in the US is worth $200 Trillion. That is huge amounts of money. The oil prices hovering over $70/barrel means extraction would be profitable for the US. Include that in calculations regarding various geopolitics topics in the coming decades.
Economics is fickle. Lack of US oil imports will reduce prices and it might become uneconomical for them to extract all this oil.
If oil prices get high enough you can extract oil from coal and both New Zealand and Russia has an abundance of Coal they could produce oil from if the price was right... NZ would have billions of dollars worth and Russia trillions or more, but it stays in the ground till the price goes up...
Russia: If oil prices go down Russian economy will be in a deficit.
And if the price goes down US extraction becomes uneconomical and the price goes back up again...
China: Several credit and pension type bubbles in vastly bloated economy. Their best hope is US demand is robust to keep them employed in factories.
Rubbish, there are plenty of markets that will buy cheap goods... Asia and Africa are two markets... in addition to Chinas own internal market...
India: Vast internal inefficiencies, corruption, pollution, population hamper growth, infrastructure is 30 years behind the world, no mega export type industries, that country is just sustaining along some how.
A large country with enormous potential and human resources. Greatly increased investment in infrastructure and education and they will rise up as a powerful nation.
So if 21st century is American century again, then be ready for owners of MNCs in your countries to be implementing their rules and any resistance to that would create tensions and tussles of sorts.
Only Americans talk about American centuries. That sort of arrogance will be their undoing. They have forgotten their core values and are just bullies now... it is only a matter of time.
In late 90s after Serbia war, Russia wanted to make an alliance with China and India to have some solid backing against the NATO. Both China and India declined.
Clearly you think they meant a military alliance... do you not read mention of BRIC, or BRICSA?
It is an economic and political alliance between Brazil, Russia, India, China, and South Africa... and there are more than a few other countries that want to join too. Their goals include to stop using non BRICSA currencies in trade between each others countries, and to support each others banks and currencies... the US dollar is built on being the international currency of trade...
China is extremely selfish country and India is meek nation lacking will power to overcome its own internal problems.
Like most normal countries they have their own interests and they don't seek to get involved in things that don't concern them. NATO and the US are the exception and want to act as the worlds police force, but because they are selective in the rules they enforce and only act when their own interests are threatened they are not so much a police force as a brute squad, or lynch mob.
Of course you are not Chinese(Neither am I) and are outsider who gets his/her info about China from BBCs and CNNs of the world. I would say you have no real clue about China.
Very strongly agree here... some say China is a backward nothing that just copies and will always be behind, others claim that the rate of improvement will continue and they will flash past the US and the West and will be our overlords in 30 years time.
I tend to think they are both wrong and that China started a bit behind and is making every effort to improve and I wish them every success. I don't think a strong China is as dangerous as a strong west and strong US has been so far.
I think a strong India and a strong China and a strong Brazil and Russia and South Africa and many other countries is a good thing and should be encouraged... not ruthlessly crushed like the US and west seem to wont to do.
India : India will not want its alternative supplier out of the picture ( they are feed up with U.S pressure about Iran and Kashmir) so to show the West that its not its toy, India will help Russia with hopes of more contracts in return..
Despite rejecting the Mig-35 a large portion of the Indian Air Force has Russian origins... the same for the tank fleet if not more so.
Sometimes there is little between customer and seller, but the relationship is rather more than just that between India and Russia. They have their spats but that is normal... I see a contract to sell submarines to Indonesia has hit a bump because the South Koreans are asking for more money to complete a three submarine deal, so it can happen to the best of them...
The other consideration for China and India is that if the US did attack Russia then they are not safe either and it would be better to fight the US on the side of Russia than ignore it and risk having to fight the US alone later... of course the US will not commit suicide and attack Russia in the first place so the whole idea is moot anyway.
Plus if China was selfish , why does it help the U.S by buying their debt, when no one else wants too.
Indeed China has very much tied itself to the US and if the US goes under they will lose an enormous amount of money.
Also what country isn't selfish? The US has had the money to solve the problems of the world... poverty, hunger, disease etc etc yet it does not do all it can to help... how selfish... when was the last time it did something that wasn't in its interests? Korea, Vietnam, Cuba, etc etc... had nothing to do with the Korean or Vietnamese or Cuban people... it was a fight against communism.
When the Soviets left Afghanistan all the money for those poor Afghans dried up overnight...
Because US is powerful and buys ship loads of Chinese goods.
Rubbish. The US buys lots of Chinese goods because the US is a consumer society that runs best when things are cheap and disposable. 40 years ago here in New Zealand if something broke you had it fixed. These days you throw out perfectly good stuff because you don't use it anymore. Things have changed and not for the better...
Without US demand, China would be in a much worst shape.
It has nothing to do with demand and everything to do with greed. By shifting production to China you can make more profit and avoid additional expenses like healthcare. The west invested in China to save money, and the Chinese used those factories as models and started making more that made western stuff in western designed factories at bargain basement prices.
In 20 years, it is said that Africa and its mineral resources will become a hot economy while China and India will somewhat cool off after reaching some middle level of economics.
That is funny because China is investing a lot of money in Africa... both have enormous growth potential... as long as they don't listen to western economists that seem to always suggest the west will remain dominant... interesting that really.
Only then I will take your statements of US taking on Russia seriously.
The MAD doctrine applies... there is nothing the US could possibly gain from an attack on Russia that will make the resulting nuclear devastation of the US and Russia worth it.
What about bubbles in US accounting books.
The US accounting system of hiding debt has created the current economic problems but I am sure it is Chinas fault...
US is clever, it wants to break Russia the way it broke off the USSR....i.e. by itself. All sorts of pressure, economic isolation, sanctions against allies and attacking them etc. etc. are the steps in the direction of breaking Russia up.
The US is dumb... it is like a soldier poking a detonator with a stick because he wants to kill the guy sitting on the 1,500kg bomb the detonator is attached to that his enemy is sitting on.
The US doesn't know how to share, it wants everything. It respects no one yet demands respect from everyone.
With the mighty US Army in Afghanistan, how come they can't control the drug flow. Because they have openly rejected to do so. This is one example of how to kill a nation from inside.
The thing with drugs of course is that if they can't get one they will get another, or make it themselves.
The US wont be in Afghanistan forever and border security needs bolstering anyway..
That is true but the U.S is also killing its own men in the process...
The huge irony is that the farmers make peanuts on their drug crops, it is the middle men that make the big money... and in this case the middle men are the Taleban... wonder what they do with all that money?