Don't put the blame on China for the rising oil demand.

franc · Guest

China has a very big problem with energy.
While they have around 200 years of coal reserves they desperately try to switch to a cleaner fuel.
They dream of oil and gas.
The chineses have requested 3 reputed western oil companies to help them found oil and gas:they are ARCO,SHELL and TOTAL.
But so far the discoveries are not matching their needs.
That's why they import more and more oil.
But we need to keep in mind that in case of a world oil shortage the chineses will make it with their coal anyway.

americandream · Posted: Sat Dec 04, 2004 10:14 pm Post subject:

15 bucks of 100 octane coal, boy, and hop to it!

trespam · Posted: Sat Dec 04, 2004 10:15 pm Post subject:

Blaming one culture, race, of society for the oil problems doesn't make sense to me, at least in a historical sense. I do think Americans deserve a good portion of blame for living and popularizing a consumeristic materialistic culture that avoids any discussion of responsibility, tradeoffs, and similar matters. It's all a matter of balance. Consumer protection, environmental considerations, and many other important matters have been supported in American.

We all have to accept some level of blame just for being alive.

savethehumans · Light Sweet Crude Joined: Oct 20, 2004 Posts: 1541

Like every country, China only wants what the US already has.

Only one teensy problem: very soon, the US isn't going to have what it already has any more. Much less any other country! Shock

Golgo13 · Heavy Crude Joined: Dec 13, 2004 Posts: 217

China's oil demand has grown 40% in 1 year. I'd say that's a definate cause for reflection.

Frank · Posted: Mon Jan 03, 2005 1:01 pm Post subject:

I don't blame them for trying to take care of 1/6 the world's population. Their consumption is partially being fueled by our "walmart dollars" going over there so we're as much to "blame" as anyone is, I guess.

p.s.: when did their consumption grow by 40% in one year? The last data I saw (2002-3) it was something like 12-13% (still pretty thought provoking though.)

Kingcoal · Posted: Mon Jan 03, 2005 4:12 pm Post subject:

I think we'll be seeing China's economic growth slowing this year. They will probably be adjusting the currency peg. At least that's what my Chinese friend says.

everything-is-fine · Tar Sands Joined: Dec 29, 2004 Posts: 46

China will only play with the currency peg if they feel it is necessary to do so in order to preserve the stability of financial markets, and then only in close consultation with the US government.

The Chinese will go to great lenghts to avoid damaging the US economy and/or world economy, and this is a matter of self-preservation. The Chinese believe that harm and pain always arise from chaos and uncertainty.

This article puts the currency situation in perspective:

http://www.opinionjournal.com/extra/?id=110006044

Chocky · Posted: Thu Jan 06, 2005 12:31 am Post subject:

You can't hold their demand for oil against them. They're only acting out of a desire to live like westerners do now, not out of malice.

Golgo13 · Heavy Crude Joined: Dec 13, 2004 Posts: 217