Their #2 company has failed miserably and exposed as fraud. SMIC is the only game in town in China.
>> How much did we spend on the Iraq War, despite our own country being a major producer of oil and gas?
With all due respect, from 2004 - 2007, all we were talking about is Peak Oil and US was not such a major producer then as we are today. So some recency bias here.
>>The way forward for the US may be similar in mentality: throw the government behind the industry.
Yes, US will become mercantilist again, and I will rejoice but the goddamn world will burn or not.
>> How much did we spend on the Iraq War, despite our own country being a major producer of oil and gas?
With all due respect, from 2004 - 2007, all we were talking about is Peak Oil and US was not such a major producer then as we are today. So some recency bias here.
>>The way forward for the US may be similar in mentality: throw the government behind the industry.
Yes, US will become mercantilist again, and I will rejoice but the goddamn world will burn or not.