Add You
#1 in Business Subscribe Email Print

You are here: Home > Finance > Investing > China Races for Energy Security to Keep Pace with GDP Growth, Part Two

Tags

  • additional
  • known
  • clues
  • enrichment aspirations
  • russias political
  • foreign countries

  • Links

  • How Do You Use Your Power?
  • Debunking The Myths And Revealing The TRUTH On How To Create Toned And Defined Abs!
  • The Great Mini-Hotels of St Petersburg Bubble
  • Add You - China Races for Energy Security to Keep Pace with GDP Growth, Part Two

    How To Become A Close Protection Operative (Bodyguard) In The Uk
    If you are interested in becoming a close protection operative (bodyguard) in the UK you must at least successfully complete a SIA accredited training course.Part of this course is first aid which is compulsory and is a must, this is due to the fact you may be needed to perform first aid to a principal or client and you would be first on the scene.There are many companies out there offering training some good some not so good, they range from ?1000.00 to ?3000.00 plus.Many are geared to fit around you experience and knowledge, this can be a advantage, if you have previous experience you may only need to do a fast track course enabling you to brush up on what you already know thus being able to obtain your SIA license.They are intense courses so don’t go expecting it to be easy going, they normally start with you being interviewed by one or more seasoned veterans to see if you have the right attitude, quick thinking, problem solving, knowledge to complete the course, if have your in, if you don’t you will be asked to complete a full 21 day course instead of 8 days.There is no Guarantee of work as this is normally a self employed job, it is a question of networking, making as many contacts as possible a
    ught. Venezuela’s highly sulfurous crude would first have to be refined in the United States. China lacks the refineries for handling the heavy crude oil. Over the past year, China’s oil imports from Venezuela amounted to orimulsion from the Orinoco Tarbelt, mostly used for asphalt.

    New refineries, however, can be built to remedy the heavy oil Venezuela might provide. According to a recent special edition of the McKinsey Quarterly, China will be forced to heavily invest in refineries for all the crude oil it has committed for, “To keep up with surging demand, the country needs to build a large, technologically world-class refinery every year for the next 15 years, at a cost of $2 billion apiece.” China lacks the refining capacity to meet its current needs. In the first half of 2006, China’s imports of refined petroleum products jumped by nearly 50 percent, compared to the same six-month period in the previous year.

    Although Venezuela hopes to become one of China’s top three oil suppliers, it is likely more hyperbole than a realistic possibility before 2010. As China’s proven oil reserves continue to deplete, it may very well have to turn to Venezuela at some point for this country’s vast oil reserves. Outside of the Middle East, Venezuela may have one of the last great oil resource – reportedly at greater than 80 billion barrels of crude. The question is not if, but how fast can,Venezuela accommodate China’s ravenous appetite for its country’s oil?

    Venezuela also has the large

    Uniting a Franchise System in a Common Cause
    Franchising systems are inherently good for all parties concerned and that is because when the franchisor makes more money it is because the franchisees are making more money and are able to pay more royalties into the system. If the franchisor wants to make more money he needs to help the franchisees become more profitable and also make money because generally the franchisor will get a percentage of sales. This is a typical win-win situation. Is much like uniting a franchise system in a common cause.That common cause is success of the franchise system, sales and of course profits; after all companies are in business to make money. As the franchise system becomes more popular the brand name is increased and this spreads the word of mouth advertising and helps in the marketability in selling more franchises. The more successful the franchisees are the more people want to buy franchises and the faster the company can expand.As the franchisor becomes more popular, so too does the brand name, which helps drive more customers and consumers into the franchised outlets, which increases the franchisees profitability. This is why franchise systems work so well and why it is important to unite the franchise system and a common
    China’s Problem: Putin’s Desire for Superpower Status

    With Putin’s star rising, Russia has aspired to block China’s energy ambitions in Central Asia. When China embarked on a Sino-Kazak strategy, Boris Yeltsin was still president. Since then, Putin and his inner circle of Chekists (named after the Soviet Union’s first secret police squads) have begun tightening the noose around the ex-Soviet states. The mandate driving Putin’s fellow ex-KGB insiders is Russia’s return to superpower status.

    This became evident on October 26th 2005, when SCO’s top officials met in Moscow for their annual conference. Because India’s Foreign Minister and Pakistan’s Prime Minister attended as SCO-invited observers, Putin boasted the populations represented by SCO member states and observer countries exceeded three billion people. He bragged he had gathered “half the planet” at the Kremlin. At the top of the SCO agenda were energy issues, such as expanding the oil and gas sector and exploration of new hydrocarbon reserves. Of course, these are the issues which are clearly foremost on the mind of the Chinese.

    But has Putin’s mood swung further toward impudence? When Chinese Prime Minister Wen Jiabao announced the Sino-Russian bilateral trade turnover might surpass $28 billion, Putin challenged, “I hope this happens.” While even Russia’s media suspected Putin used the SCO conference as his egocentric publicity showcase, Russia depends upon China’s economic prowess to uplift its own economy. Will there come a time when Russia is less fearful of China’s economic might? This might be well into the future. Russia’s economy continues to require an ally in China. Politically, Russia depends upon China politically as a buffer from the U.S. The September EU-China Summit to be held in Helsinki should offer clues about the tentative Sino-Russo alliance. Chinese Premier Wen Jiabao will give the keynote address, and possibly helping to forge closer alliances with Russia’s neighboring Finland. After all, Nokia is based in Finland, and China is the world’s largest consumer of mobile phones and services.

    One has to wonder if Russia has been slowly closing China’s door to Central Asia over the past few years. Gazprom’s press secretary, quoted in a 2004 interview in Vedomosti, announced, “… sharing mineral resources with foreign countries is against our policy… In fact, sharing oil with the Chinese would be even more inappropriate.” Gazprom, for example, is now developing Uzbekistan’s gas fields for export to the West, and not to China. (See part two of this series.)

    The delicate equilibrium between Russia and China – one where both countries hope to maneuver against further U.S. meddling (or as cynics call it, imperialism) in the Middle East – requires yielding as few concessions to the other as need be conceded. When China moves too boldly, Russia plays upon its alliance with Japan to keep China in check. Both use their U.N. Security Council vetoes as negotiation tools in carving out petroleum, and other commodity interests, to preserve their energy security issues.

    China serves Russia’s political aspirations in quelling U.S. expansion into the Middle East. Having decades-long ties with Iran and other Muslim states, Russia has a convenient ally in China, when using Iran as a thorn in Washington’s backside. And China still remembers the oil concessions it lost in Iraq, after the U.S. invasion of that country. China likely frets about the unending squabble over Iran’s uranium enrichment aspirations in light of having lost those Iraqi oil concessions.

    Pragmatic China Resorts to Trading with

    Rogue Nations for Energy Security

    At the mercy of a ruthless global energy market, pragmatic China has turned to nations which are shunned by U.S. interests. One productive Silk Road leading to China begins in Iran. More specifically, it starts in the Yadavaran oil fields where the Chinese oil company Sinopec plans to import about 150,000 barrels of crude per day, after it has developed these oil fields. Initially, the October 2004 deal was reportedly valued at $70 billion. However, additional developments and China’s substantial purchase of Iran’s vast natural gas reserves may increase the value of this multi-decade energy deal to more than $200 billion. What could go wrong? Look at the daily headlines: Iran wants to enrich its own uranium. Unless this situation is resolved, escalated political tensions could impair China’s ability to import oil and gas. Obviously, China would take great pains to avoid an Iraqi rerun in Iran.

    Out-maneuvered by western oil companies in obtaining many of the world’s proven oil reserves, China has cultivated the Sudan as its largest oil provider. Sudan depends upon the pragmatic Chinese for its economic and military strength. China is also the principal source of hard currency for Africa’s largest country. Rejected by the world’s community for the genocide it is committing in West Darfur, Sudan exports its oil to China for Chinese weaponry. China finds little competition for Sudanese oil. The Chinese are the largest single shareholders dominating Sudan’s oil company consortium. It is the largest investor in a 1,500-kilometer pipeline delivering Sudanese oil to the Red Sea, which is then shipped by tankers to China.

    China has not limited its African oil purchases to one country. Another blighted nation, Angola believes it could soon surpass Nigeria as Africa’s largest oil supplier. According to the World Bank, China may have recently offered Angola about $9 billion in credits and loans. Two years ago, it was reported that China extended a $2-billion loan to Angola for 10,000 barrels of crude oil per day. Now, it appears China is eager to help Angola build sufficient infrastructure in that country to develop another strong energy source.

    Hoping to create a Silk Road across the Pacific from South America, China has continued its hunt for energy security by developing ties with Venezuela’s Hugo Chavez. This may come to naught. Venezuela’s highly sulfurous crude would first have to be refined in the United States. China lacks the refineries for handling the heavy crude oil. Over the past year, China’s oil imports from Venezuela amounted to orimulsion from the Orinoco Tarbelt, mostly used for asphalt.

    New refineries, however, can be built to remedy the heavy oil Venezuela might provide. According to a recent special edition of the McKinsey Quarterly, China will be forced to heavily invest in refineries for all the crude oil it has committed for, “To keep up with surging demand, the country needs to build a large, technologically world-class refinery every year for the next 15 years, at a cost of $2 billion apiece.” China lacks the refining capacity to meet its current needs. In the first half of 2006, China’s imports of refined petroleum products jumped by nearly 50 percent, compared to the same six-month period in the previous year.

    Although Venezuela hopes to become one of China’s top three oil suppliers, it is likely more hyperbole than a realistic possibility before 2010. As China’s proven oil reserves continue to deplete, it may very well have to turn to Venezuela at some point for this country’s vast oil reserves. Outside of the Middle East, Venezuela may have one of the last great oil resource – reportedly at greater than 80 billion barrels of crude. The question is not if, but how fast can,Venezuela accommodate China’s ravenous appetite for its country’s oil?

    Venezuela also has the larges

    Make Money Online With Affiliate Programs
    If you have wanted to find a way to make money from home without all the hassle of selling products out of your own home yourself, perhaps you should take a look at affiliate programs.Affiliate programs are an excellent way to make money from home. You can substitute sales pages, which are complicated to work with, with content and draw in more people to your website in the process. You do not have to make the actual sale.How Can One Make Money Online With An Affiliate ProgramIt all starts with a web site. People crave content websites. Videos, articles and chat rooms are all different types of great content. Your job is to choose a theme and stick with it. Develop the articles or other content and people will come to it.As said before, with affiliate programs making you money from your online website, you do not have to worry about putting sales pages that would appeal or trying to convince your visitors to go to a website. Your sole concentration is visitors, guests to your website means more people clicking on banner advertisements.Once your website is running, with great content that people are coming to see, you can consider picking an affiliate program to run off your website to earn an income. come a time when Russia is less fearful of China’s economic might? This might be well into the future. Russia’s economy continues to require an ally in China. Politically, Russia depends upon China politically as a buffer from the U.S. The September EU-China Summit to be held in Helsinki should offer clues about the tentative Sino-Russo alliance. Chinese Premier Wen Jiabao will give the keynote address, and possibly helping to forge closer alliances with Russia’s neighboring Finland. After all, Nokia is based in Finland, and China is the world’s largest consumer of mobile phones and services.

    One has to wonder if Russia has been slowly closing China’s door to Central Asia over the past few years. Gazprom’s press secretary, quoted in a 2004 interview in Vedomosti, announced, “… sharing mineral resources with foreign countries is against our policy… In fact, sharing oil with the Chinese would be even more inappropriate.” Gazprom, for example, is now developing Uzbekistan’s gas fields for export to the West, and not to China. (See part two of this series.)

    The delicate equilibrium between Russia and China – one where both countries hope to maneuver against further U.S. meddling (or as cynics call it, imperialism) in the Middle East – requires yielding as few concessions to the other as need be conceded. When China moves too boldly, Russia plays upon its alliance with Japan to keep China in check. Both use their U.N. Security Council vetoes as negotiation tools in carving out petroleum, and other commodity interests, to preserve their energy security issues.

    China serves Russia’s political aspirations in quelling U.S. expansion into the Middle East. Having decades-long ties with Iran and other Muslim states, Russia has a convenient ally in China, when using Iran as a thorn in Washington’s backside. And China still remembers the oil concessions it lost in Iraq, after the U.S. invasion of that country. China likely frets about the unending squabble over Iran’s uranium enrichment aspirations in light of having lost those Iraqi oil concessions.

    Pragmatic China Resorts to Trading with

    Rogue Nations for Energy Security

    At the mercy of a ruthless global energy market, pragmatic China has turned to nations which are shunned by U.S. interests. One productive Silk Road leading to China begins in Iran. More specifically, it starts in the Yadavaran oil fields where the Chinese oil company Sinopec plans to import about 150,000 barrels of crude per day, after it has developed these oil fields. Initially, the October 2004 deal was reportedly valued at $70 billion. However, additional developments and China’s substantial purchase of Iran’s vast natural gas reserves may increase the value of this multi-decade energy deal to more than $200 billion. What could go wrong? Look at the daily headlines: Iran wants to enrich its own uranium. Unless this situation is resolved, escalated political tensions could impair China’s ability to import oil and gas. Obviously, China would take great pains to avoid an Iraqi rerun in Iran.

    Out-maneuvered by western oil companies in obtaining many of the world’s proven oil reserves, China has cultivated the Sudan as its largest oil provider. Sudan depends upon the pragmatic Chinese for its economic and military strength. China is also the principal source of hard currency for Africa’s largest country. Rejected by the world’s community for the genocide it is committing in West Darfur, Sudan exports its oil to China for Chinese weaponry. China finds little competition for Sudanese oil. The Chinese are the largest single shareholders dominating Sudan’s oil company consortium. It is the largest investor in a 1,500-kilometer pipeline delivering Sudanese oil to the Red Sea, which is then shipped by tankers to China.

    China has not limited its African oil purchases to one country. Another blighted nation, Angola believes it could soon surpass Nigeria as Africa’s largest oil supplier. According to the World Bank, China may have recently offered Angola about $9 billion in credits and loans. Two years ago, it was reported that China extended a $2-billion loan to Angola for 10,000 barrels of crude oil per day. Now, it appears China is eager to help Angola build sufficient infrastructure in that country to develop another strong energy source.

    Hoping to create a Silk Road across the Pacific from South America, China has continued its hunt for energy security by developing ties with Venezuela’s Hugo Chavez. This may come to naught. Venezuela’s highly sulfurous crude would first have to be refined in the United States. China lacks the refineries for handling the heavy crude oil. Over the past year, China’s oil imports from Venezuela amounted to orimulsion from the Orinoco Tarbelt, mostly used for asphalt.

    New refineries, however, can be built to remedy the heavy oil Venezuela might provide. According to a recent special edition of the McKinsey Quarterly, China will be forced to heavily invest in refineries for all the crude oil it has committed for, “To keep up with surging demand, the country needs to build a large, technologically world-class refinery every year for the next 15 years, at a cost of $2 billion apiece.” China lacks the refining capacity to meet its current needs. In the first half of 2006, China’s imports of refined petroleum products jumped by nearly 50 percent, compared to the same six-month period in the previous year.

    Although Venezuela hopes to become one of China’s top three oil suppliers, it is likely more hyperbole than a realistic possibility before 2010. As China’s proven oil reserves continue to deplete, it may very well have to turn to Venezuela at some point for this country’s vast oil reserves. Outside of the Middle East, Venezuela may have one of the last great oil resource – reportedly at greater than 80 billion barrels of crude. The question is not if, but how fast can,Venezuela accommodate China’s ravenous appetite for its country’s oil?

    Venezuela also has the large

    RFID Benefits
    Radio frequency identification (RFID) technology can be applied at several levels, and it ensures improved communication and efficiency. It can be used to identify, follow, and spot known objects or people and can be utilized in catalog management, asset tracking, security and loss prevention, preservation, rental equipment, and operations.RFID technology does not necessitate reading line-of-sight access. An RFID tag can activate security alarm systems, if removed from its proper location, and it is not orientation-sensitive. Also, it can hold more information than merely a unique product code, and, hence, each item can be independently labeled or tagged. Furthermore, RFID tag data is all-inclusive, distinctive or common in parts, and is compatible with data processing. With right technology, a plurality of tags can be read at the same time. An RFID tag has two types - read-only and read-write. Each RFID tag is distinct, and hence, these tags can act as a security feature if lost or stolen.RFID technology has a very sophisticated level of data integrity in the form of character check sum encoding, and it provides an excellent security and product authentication. An RFID tag is more difficult to counterfeit than a barcode.
    and other commodity interests, to preserve their energy security issues.

    China serves Russia’s political aspirations in quelling U.S. expansion into the Middle East. Having decades-long ties with Iran and other Muslim states, Russia has a convenient ally in China, when using Iran as a thorn in Washington’s backside. And China still remembers the oil concessions it lost in Iraq, after the U.S. invasion of that country. China likely frets about the unending squabble over Iran’s uranium enrichment aspirations in light of having lost those Iraqi oil concessions.

    Pragmatic China Resorts to Trading with

    Rogue Nations for Energy Security

    At the mercy of a ruthless global energy market, pragmatic China has turned to nations which are shunned by U.S. interests. One productive Silk Road leading to China begins in Iran. More specifically, it starts in the Yadavaran oil fields where the Chinese oil company Sinopec plans to import about 150,000 barrels of crude per day, after it has developed these oil fields. Initially, the October 2004 deal was reportedly valued at $70 billion. However, additional developments and China’s substantial purchase of Iran’s vast natural gas reserves may increase the value of this multi-decade energy deal to more than $200 billion. What could go wrong? Look at the daily headlines: Iran wants to enrich its own uranium. Unless this situation is resolved, escalated political tensions could impair China’s ability to import oil and gas. Obviously, China would take great pains to avoid an Iraqi rerun in Iran.

    Out-maneuvered by western oil companies in obtaining many of the world’s proven oil reserves, China has cultivated the Sudan as its largest oil provider. Sudan depends upon the pragmatic Chinese for its economic and military strength. China is also the principal source of hard currency for Africa’s largest country. Rejected by the world’s community for the genocide it is committing in West Darfur, Sudan exports its oil to China for Chinese weaponry. China finds little competition for Sudanese oil. The Chinese are the largest single shareholders dominating Sudan’s oil company consortium. It is the largest investor in a 1,500-kilometer pipeline delivering Sudanese oil to the Red Sea, which is then shipped by tankers to China.

    China has not limited its African oil purchases to one country. Another blighted nation, Angola believes it could soon surpass Nigeria as Africa’s largest oil supplier. According to the World Bank, China may have recently offered Angola about $9 billion in credits and loans. Two years ago, it was reported that China extended a $2-billion loan to Angola for 10,000 barrels of crude oil per day. Now, it appears China is eager to help Angola build sufficient infrastructure in that country to develop another strong energy source.

    Hoping to create a Silk Road across the Pacific from South America, China has continued its hunt for energy security by developing ties with Venezuela’s Hugo Chavez. This may come to naught. Venezuela’s highly sulfurous crude would first have to be refined in the United States. China lacks the refineries for handling the heavy crude oil. Over the past year, China’s oil imports from Venezuela amounted to orimulsion from the Orinoco Tarbelt, mostly used for asphalt.

    New refineries, however, can be built to remedy the heavy oil Venezuela might provide. According to a recent special edition of the McKinsey Quarterly, China will be forced to heavily invest in refineries for all the crude oil it has committed for, “To keep up with surging demand, the country needs to build a large, technologically world-class refinery every year for the next 15 years, at a cost of $2 billion apiece.” China lacks the refining capacity to meet its current needs. In the first half of 2006, China’s imports of refined petroleum products jumped by nearly 50 percent, compared to the same six-month period in the previous year.

    Although Venezuela hopes to become one of China’s top three oil suppliers, it is likely more hyperbole than a realistic possibility before 2010. As China’s proven oil reserves continue to deplete, it may very well have to turn to Venezuela at some point for this country’s vast oil reserves. Outside of the Middle East, Venezuela may have one of the last great oil resource – reportedly at greater than 80 billion barrels of crude. The question is not if, but how fast can,Venezuela accommodate China’s ravenous appetite for its country’s oil?

    Venezuela also has the large

    The Need For Speed
    In the world of athletics there is widely accepted principle that states: “Speed Kills”. In most sporting events speed will prevail over strength and often times speed will end-up being the deciding factor between victory and defeat. As important as speed is on the field of play it has been my experience that it is even more important in the world of business. While there is little debate that speed can create an extreme competitive advantage, it is not well understood that the lack of speed can send a company (or an individual’s career) into a death spiral. Agility, fluidity, decisiveness, commitment and focus all lead to the creation of speed which results in a certainty of execution. In today’s blog post I’ll discuss why you should feel “The Need For Speed.”General George S. Patton said it best: “A good plan violently executed today is far and away better than a perfect plan tomorrow.” The pursuit of perfection is one of great adversaries of speed. In fact, at the risk of being controversial I’m going to take the position that perfection does not exist. I hate to break it to you, but those of you who regard yourselves as perfectionists simply exhibit perfectionistic tendencies in an unrealistic attempt to achieve what cannot b
    d take great pains to avoid an Iraqi rerun in Iran.

    Out-maneuvered by western oil companies in obtaining many of the world’s proven oil reserves, China has cultivated the Sudan as its largest oil provider. Sudan depends upon the pragmatic Chinese for its economic and military strength. China is also the principal source of hard currency for Africa’s largest country. Rejected by the world’s community for the genocide it is committing in West Darfur, Sudan exports its oil to China for Chinese weaponry. China finds little competition for Sudanese oil. The Chinese are the largest single shareholders dominating Sudan’s oil company consortium. It is the largest investor in a 1,500-kilometer pipeline delivering Sudanese oil to the Red Sea, which is then shipped by tankers to China.

    China has not limited its African oil purchases to one country. Another blighted nation, Angola believes it could soon surpass Nigeria as Africa’s largest oil supplier. According to the World Bank, China may have recently offered Angola about $9 billion in credits and loans. Two years ago, it was reported that China extended a $2-billion loan to Angola for 10,000 barrels of crude oil per day. Now, it appears China is eager to help Angola build sufficient infrastructure in that country to develop another strong energy source.

    Hoping to create a Silk Road across the Pacific from South America, China has continued its hunt for energy security by developing ties with Venezuela’s Hugo Chavez. This may come to naught. Venezuela’s highly sulfurous crude would first have to be refined in the United States. China lacks the refineries for handling the heavy crude oil. Over the past year, China’s oil imports from Venezuela amounted to orimulsion from the Orinoco Tarbelt, mostly used for asphalt.

    New refineries, however, can be built to remedy the heavy oil Venezuela might provide. According to a recent special edition of the McKinsey Quarterly, China will be forced to heavily invest in refineries for all the crude oil it has committed for, “To keep up with surging demand, the country needs to build a large, technologically world-class refinery every year for the next 15 years, at a cost of $2 billion apiece.” China lacks the refining capacity to meet its current needs. In the first half of 2006, China’s imports of refined petroleum products jumped by nearly 50 percent, compared to the same six-month period in the previous year.

    Although Venezuela hopes to become one of China’s top three oil suppliers, it is likely more hyperbole than a realistic possibility before 2010. As China’s proven oil reserves continue to deplete, it may very well have to turn to Venezuela at some point for this country’s vast oil reserves. Outside of the Middle East, Venezuela may have one of the last great oil resource – reportedly at greater than 80 billion barrels of crude. The question is not if, but how fast can,Venezuela accommodate China’s ravenous appetite for its country’s oil?

    Venezuela also has the large

    Practicing as Private Investigator in Phoenix
    Private investigator commonly known for the acronym P.I. is considered to be a rewarding but complicated career one can have. To have the private investigator title in Phoenix, you must acquire the necessary qualification, but in general, educational requirement is not very important to get the opportunity.This career is like a vocation, you must have the heart for it or you will end up joining the parade of other investigators not worth to handle even a single case.In the US, licensing a private investigator varies form state to state. In Phoenix, you can enroll and graduate with a degree in any courses that would land you a job as Private Investigator. Having a degree is definitely an added advantage.As a private investigator practicing in Phoenix, you must make yourself competitive by building a strong foundation before plunging into the complicated job. Usually, the pitfall of a private investigator is when the cases he handles gain no success. The reputation and psychological implication could affect his future. To be prepared, you must be trained and get license from this office:DPS Licensing Unit 2102 West Encanto Blvd, Phoenix, AZDPS Licensing Unit regulates the mandatory use of licenses
    ught. Venezuela’s highly sulfurous crude would first have to be refined in the United States. China lacks the refineries for handling the heavy crude oil. Over the past year, China’s oil imports from Venezuela amounted to orimulsion from the Orinoco Tarbelt, mostly used for asphalt.

    New refineries, however, can be built to remedy the heavy oil Venezuela might provide. According to a recent special edition of the McKinsey Quarterly, China will be forced to heavily invest in refineries for all the crude oil it has committed for, “To keep up with surging demand, the country needs to build a large, technologically world-class refinery every year for the next 15 years, at a cost of $2 billion apiece.” China lacks the refining capacity to meet its current needs. In the first half of 2006, China’s imports of refined petroleum products jumped by nearly 50 percent, compared to the same six-month period in the previous year.

    Although Venezuela hopes to become one of China’s top three oil suppliers, it is likely more hyperbole than a realistic possibility before 2010. As China’s proven oil reserves continue to deplete, it may very well have to turn to Venezuela at some point for this country’s vast oil reserves. Outside of the Middle East, Venezuela may have one of the last great oil resource – reportedly at greater than 80 billion barrels of crude. The question is not if, but how fast can,Venezuela accommodate China’s ravenous appetite for its country’s oil?

    Venezuela also has the largest natural gas fields in all of South America. Earlier this year, Brazil and Argentina (two of China’s favorite Latin American trade partners) discussed with Venezuela the possibility of building a gas pipeline across the Amazon. A 5000-mile gas pipeline would need a port destination for LNG tankers to supply China. Instead, talk of an oil pipeline through Colombia could be replaced by a gas pipeline.

    China’s approach, in dealing with what the Anglo-American alliance call “rogue nations,” reflects one of reported non-interference in a country’s political affairs. It is a Chinese pragmatism, which many find amoral. By contrast, in what way is America judged around the world by its military invasion of Iraq? When U.S. President Bush recently criticized Vladimir Putin about democracy in his country, the Russian President pointed out that Russia’s democracy was quite different from the one the U.S. had created in Iraq for the Iraqis. One has to wonder how long China’s laissez faire doctrine will last. And whether China can continue developing new energy silk roads at the rate its GDP growth commands.

    Some believe China doesn’t need so much oil right now. In the first half of 2006, according to Xinhua news, China’s refinery output was seven percent less than the country’s domestic crude-oil production. Despite producing 85 million tons of crude oil, China still imported 70 million tons of oil (on top of 12 million tons of refined oil). Is China hoarding to avert a future political crisis, or does it expect its energy ‘silk roads’ to soon close or become blockaded?

    The McKinsey Quarterly researchers also reported if China continues at its current pace, it would need to buy up about three percent of the world’s proven petroleum reserves. That’s more than all of the reserves held by Chevron, ExxonMobil, BP, Shell and others. As we have been reminded by energy analysts, getting oil out of the ground costs more, the quality of oil is falling and more water is found in the oil. All of this has registered on not only on the radar screens of Chinese energy advisors and politicians, but also at the gasoline pumps where filling up a tank should continue to increase every year. As Deng advised about getting rich, it can be glorious but the furious process of getting there has not only been taxing for China, but also for the rest of the world.

    COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.addyou.info/article/103116/addyou-China-Races-for-Energy-Security-to-Keep-Pace-with-GDP-Growth-Part-Two.html">China Races for Energy Security to Keep Pace with GDP Growth, Part Two</a>

    BB link (for phorums):
    [url=http://www.addyou.info/article/103116/addyou-China-Races-for-Energy-Security-to-Keep-Pace-with-GDP-Growth-Part-Two.html]China Races for Energy Security to Keep Pace with GDP Growth, Part Two[/url]

    Related Articles:

    Determining Visitor Types

    7 Reasons Why You Should Join A Forum Today

    Keyword Demand Isn't Enough

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com