Dubai debts and oil prices

    • Dubai debts and oil prices

      Dubai's debt problems have started to crack the world financial system again.

      The earlier problem was the Subprime lending. Is it the Oil-rich extravagance this time?

      Let us analyse : Dubai was not the only country that was extravagant during the good days. There were many more countries that were extravagant. The planning done during those boom days was probably not sufficient checked for failures nor was much thought given to the fact on whether there will be sufficient returns, let alone a collapse.

      If you had built a factory of some really useful product. Then you saw a recession. It does not probably seriously matter to you. When the economy improves, the factory will produce again and you will sell again. On the contrary, consider the properties and the extravagant construction of Dubai - will there be sufficient takers for them when the economy improves? Maybe there will be? maybe not?

      Considering the oil prices, I would believe that the oil prices will drop by at least $10 to maybe USD65 in December. It cannot rise. There is simply not enough force to spend, even among the impulsive investors.

      We need to wait and see through December.
    • Hydrogen sulfide removal

      Websters says that Hydrogen sulfide is considered a broad-spectrum poison, meaning it can poison several different systems in the body. Breathing very high levels of hydrogen sulfide can cause death within just a few breaths. There could be loss of consciousness after one or more breaths.
      Exposure to lower concentrations can result in eye irritation, a sore throat and cough, shortness of breath, and fluid in the lungs. These symptoms usually go away in a few weeks. Long-term, low-level exposure may result in fatigue, loss of appetite, headaches, irritability, poor memory, and dizziness.
      Animal studies showed that pigs that ate food containing hydrogen sulfide had diarrhea after a few days and weight loss after about 105 days.

      In order to remove hydrogen sulfide from petroleum refinery, a fixed-bed bioreactor was constructed by the immobilized Thiobacillus ferrooxidans (T.f) with H-3 carrier. In the state of bioreactor operation, a maximum Fe2+ oxidation of 7.24 g/L.h was attained with the aeration of 300 L/h, the dilution rate of 0.6 h-1, the pH of 2.0, and the temperature of 30°C. And the complex compound forming on the surface of the carrier in the operation of bioreactor was identified as jarosite by chemical analysis and X-ray diffraction analysis. In the fixed-bed bioreactor, the removal of hydrogen sulfide was higher than 99.12%, and the content of H2S in the exhaust was less than 10 μg/g. :) :thumbsup:
    • Burj Dubai, Burj Khalifa and the Dubai debt

      The Burj Dubai, immediately renamed the Burj Khalifa after the ruler of neighboring Abu Dhabi who had to bail the emirate out, opened on Monday with a lavish ceremony announcing the world's tallest tower.

      The so-called "skyscraper curse," according to which countries that build such tall structures end up in economic decline. That theory was postulated by Deutsche Bank analyst Andrew Lawrence in 1999 based on cases over the last 100 years. In 1930 and 1931, when the Chrysler Building and the Empire State Building were completed in New York City, the U.S. stock market crashed, triggering the Great Depression.

      In the mid-1970s, the World Trade Center was completed in New York, while the Sears Tower opened in Chicago, but an economic slump soon followed due to the global oil shock. In 1998, when the Petronas Twin Towers were completed in Kuala Lumpur, Asia was in the grip of a financial crisis. And Dubai was hit by a financial crisis at the end of last year, when the Burj Khalifa was close to completion.

      What needs to be seen is whether the skyscraper will have enough occupancy with the large area that it has. Not all analysts feel that occupancy will be a problem. Occupancy fears in the past have not lasted long for some large and tall buildings.

      Why this topic here. The oil prices have crossed US$ 81pb. Maybe some reliefe for Burj Khalifa, Dubai and the debts?