Skip to main content

Posts

Showing posts from February 6, 2016

In photos: Mango carving for Tet in Vietnam’s southern province

TUOI TRE NEWS

UPDATED : 02/06/2016 13:02 GMT + 7



Three mangos are engraved with the words “Phuoc – Loc – Tho” (fortune – prosperity – longevity)
Tuoi Tre






More than 1,000 mangoes which bear the Vietnamese map and beautiful words for Tet wishes on its skin are already sold out in the southern province of Dong Thap.



Huynh Thanh Khoa, a local in Tan Thuan Dong Commune in Cao Lanh City, has created more than 1,000 mangos engraved with words and patterns, turning the fruit into a unique decorative item during this Tet holiday.


A mango engraved with wishing words, including “Phuoc – Loc – Tho” (fortune – prosperity – longevity), “Xuan Moi Phat Tai” (a prosperous new year), and “Van Su Nhu Y” (may myriad things go according to your will) was sold for VND300,000 (US$13.46).



The fruits engraving with a Vietnamese map had a higher price, which stood at VND500,000 ($22.43).


This year, the farmer, of Dong Thap Province, earned over VND300 million ($13,460) thanks to his creative idea.



The Lunar New Year, a…

HOW LOW CAN OIL GO ??? : $100 Trillion Up in Smoke

By John Mauldin | Feb 06, 2016








“We aren’t addicted to oil, but our cars are.”
– James Woolsey



“The greatest asset, even in this country, is not oil and gas. It’s integrity.”
– George Foreman










If energy powers the world, then whoever owns that energy must have power over the world. That’s certainly been the case for the last century or two. Ownership of our primary energy source, crude oil, is what made billionaires of John D. Rockefeller, H.L. Hunt, and assorted Middle Eastern kings, emirs, and sheiks.



Oil in the ground is wealth only on paper – you may own that oil, but it earns you nothing until you recover and sell it. Yet paper wealth is still wealth. It goes on your balance sheet as an asset that you can sell. You can use it as collateral to borrow cash and buy other assets.



The ongoing oil price collapse is having a severely negative impact on the wealth of those who own oil reserves. The numbers, as you will see below, are almost incomprehensibly big. They are so big, in fact, that man…