Filed under: Uncategorized | Tags: ANE, China, China oil consumption, China oil imports, Chindia, crude oil, peak oil, The Yergin Gap, westtexas, Yergin
“China is importing an increasing amount of crude, which is the most crucial issue for the country’s energy supply,” said Zhang during the Boao Forum for Asia Annual Conference
And the most crucial issue for the world’s energy supply too.
One way to look at it is that we in the west are being outbid by people in Asia for available oil exports. The price is high because if it were any lower people would want to consume more than can currently be produced.
Filed under: Uncategorized | Tags: carbon dioxide emissions, China, Chindia, climate, CO2, Econbrowser, James Hamilton, natural gas liquids, NGLs, oil consumption, Peak Demand, peak oil, total liquids, transportation
And it’s worth remembering why that happened– we didn’t have a choice. Global field production of crude oil (excluding natural gas liquids, which are not used as transportation fuel) stagnated at about 74 million barrels/day between 2005 and 2008. It is up a couple of million barrels since then, but more than 100% of this increase has been consumed by China alone, forcing the U.S. and other countries to reduce our oil consumption.
via James Hamilton: Econbrowser: Declining U.S. carbon dioxide emissions.
Filed under: Uncategorized | Tags: CH4, China, Chindia, CO2, coal, electricity, energy, India, Peak Smart, power plants
Forgetting to start our renewable energy project.
Global demand for coal is expected to grow to 8.9 billion tons by 2016 from 7.9 billion tons this year. China is expected to add about 160 new coal-fired plants to the 620 operating now, within four years. During that period, India will add more than 46 plants.
Filed under: maps, Uncategorized | Tags: al Qaeda, AQIM, China, coup, France, Germany, Libya, Mali, Qaddafi, realpolitik, Sanogo, Taureg, Toure, UN
By no means unknown…
Former president Touré, who came to power in a coup in 1991, enjoyed US military and economic support for many years. According to figures released by the US government, Washington backed Mali with $138 million in 2011 and planned to increase its support to $170 million in 2012. A joint military manoeuvre between US forces and the Mali army took place in January.
The new ruler is by no means unknown to the US government. Sanogo took part in language training courses in Texas from August 2004 until February 2005. In 2007, he was schooled by the US Secret Service and trained as an infantry officer in Georgia for five months.
It is quite possible that Sanogo’s coup was arranged in cooperation with the US government. However, imperialist forces will not be happy with the result because Mali’s north is still in the hands of the insurgents. A future UN intervention supported by the US cannot be excluded, because for Washington, Mali is particularly important from the standpoint of containing Chinese influence in Africa.
Just as the international intervention in Libya was aimed in part at denying China access to North African oil, a military intervention in Mali in cooperation with the US would target Chinese influence in the country.
This influence has grown in recent years. Chinese direct investments in Mali increased 300-fold from 1995 to 2008. Mali ranks with Zambia, South Africa and Egypt among African countries where China has made its largest investments.
In addition to the United States, France also has an intense interest in its former colony, and is just waiting to “rescue” the country’s cultural heritage with a military intervention backed by the UN Security Council. ….
Filed under: Uncategorized | Tags: Alberta, Canada, China, ECA, Encana, energy, energy security, PetroChina
PetroChina Co. (857) agreed to pay Encana Corp. (ECA) C$1.18 billion ($1.2 billion) for a 49.9 percent stake in an Alberta shale formation as Asia’s biggest oil producer steps up acquisitions of overseas oil and gas assets.
Filed under: Uncategorized | Tags: bitumen, Canada, Canadian oil production, China, CNOOC, heavy oil, Nexen, oil sands, Petroliam Nasional, Petronas, Progress, Stephen Harper, Suncor, tar sands, unconventional oil
Canadian Prime Minister Stephen Harper approved Cnooc Ltd. (883)’s $15.1 billion takeover of Nexen Inc. (NXY) and Petroliam Nasional Bhd.’s C$5.2 billion ($5.2 billion) takeover of Progress Energy Resources Corp. (PRQ)
Filed under: Uncategorized | Tags: biology, China, Chinese energy production, energy, energy production, fracking, oil production, peak oil, water, water pollution
Everyone knows that oil and gas are more important than water. Right?
If fracking takes off in China as planned, it will likely exacerbate the nation’s existing water crisis. “Most of the nation’s shale gas lies in areas plagued by water shortages,” the report says. With about 20 percent of the world’s population and only 6 percent of the world’s water resources, China is one of the least water-secure countries in the world. Its water shortages are made worse by pollution: According to the Ministry of Water Resources about 40 percent of China’s rivers were so polluted they were deemed unfit for drinking, while about 300 million rural residents lack access to safe drinking water each year.
Filed under: Uncategorized | Tags: China, CNOOC, energy independence, energy security, Nexen, peak oil, tar sands
BEIJING- The chairman of China’s CNOOC Ltd. said Friday that he was confident that the state-controlled oil giant’s proposed $15.1 billion buyout of Canada’s Nexen Inc. would be completed by the end of the year.
Filed under: Uncategorized | Tags: China, energy, fracking, good cop-bad cop, jobs, LNG, LNG exports, LNG trade, Natural gas, natural gas trade movements, Obomney, OMG, RBAC, Robama, shale gas, tight gas, trade deficit
“We are confident that either one would be supportive of LNG exports,” Cooper told Rigzone.
U.S. LNG imports, which peaked at nearly 2.4 billion cubic feet per day in 2007, have fallen substantially as the growth in North American gas production due to shale gas, according to an Oct. 18 report by RBAC Inc., a company that develops and licenses management decision support systems for the energy industry. As a result, LNG facility backers are now seeking to outfit existing U.S. LNG import facilities with liquefaction equipment to ship LNG overseas.
Proponents say U.S. LNG exports will benefit the United States by creating construction jobs, and generate revenue to reduce the U.S. trade deficit through LNG sales and federal, state and local government tax revenues.
Know what else creates jobs and generates revenues? Cheap domestic gas. Exporting gas which would otherwise be flooding the U.S. market would raise the price for Americans. This would probably destroy a lot more jobs than would be created to build and maintain LNG terminals. The job-creation argument goes out the window.
In the meantime, the negative consequences of energy production would accrue right here in America.
Are western Americans willing to sacrifice their water so international companies can frack their shale gas and ship it to China? Robomney bets yes.
Filed under: Uncategorized | Tags: China, Chinese coal production, climate, CO2 production, coal, EIA, energy, global coal production, global warming, peak oil
The rise in global production over the past decade is almost entirely due to Chinese production…
via the EIA via http://www.theoildrum.com/node/9485