Strait relations. Most taiwanese people see little practical value in changing the status quo toward legal independence. So, taiwans policy has been to cut rate is good relations with the prc, but avoid being drawn into political talks that could erode the islands freedom of action. Thats whats keeping taiwan in check. What is keeping the prc in check are at least three things, im sure many of you could think of many more. First, the prc recognizes that acting to change the status quo, mean a noncoercive way, would definitely be difficult, definitely be costly and definitely be risky. So its safer and easier to kick the can. Second, bay shipping believes that time is on its side. Its relative power is growing, as is taiwans economic dependence on the prc. Then third, chinas internal challenges are very significant and we have heard a little bit about that already today, but they are manageable as long as the leadership keeps giving them sufficient attention. So, having serious but mana
CSPAN Key Capitol Hill Hearings January 20, 2016
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Well Oil Prices Fell to their lowest level in nearly five and a half years. They settled at 63. 05 a barrel, barry worth the price of carrying this barrel along. And getting below 63 in the trading session, sometimes creating a good plan for people trying to get more gas at the pump. In less than six months the price of a barrel of oil has dropped about 41 . The main culprit for this is an oversupply of oil in the world, and decreasing demand. At the same time, americas fracing boom is adding to the oversupply. There might be as many as a million extra barrels of oil than the world demands. Saudi arabia the swing prices upward if he wants to. It says it is keeping his levels at the same level for the foreseeable future. Gasoline prices have come down to their cheapest level in four years. The National Average has falled to 2. 67 a gallon. Thats more than a gallon lower than it was in june. But that is bound to drop to 2. 50 a gallon after christmas. And oil prices could dip to as low a