Posts tagged “China”
I have been traveling for the past week and have not had a chance to do an episode of R-Squared Energy TV. It will return next week. For this week, I thought I would share the video for a recent appearance I made on Insights on PBS Hawaii. The topic was The Price of Gas:
As gas prices continue to climb, Hawaii drivers are experiencing pain at the pump. Guests will discuss the forces that affect global gas prices and why Hawaii has the highest prices in the nation. The panel will also explore energy alternatives that could help reduce the islands’ dependency on foreign oil, as well as innovative solutions from the auto industry.
I was joined on the program by host Dan Boylan and guests Patrick “Rick” Ching, President of Servco Automotive; Richard Parry, President and CEO of Aloha Petroleum, Ltd.; and Kang Wu, Economist and Senior Fellow at the East-West Center.
I am pleased and excited to join the team at Consumer Energy Report. I have been an avid reader of the analysis here and I am looking forward to contributing to the important policy discussions that Andrew, Robert and others routinely engage in on energy, climate change and security policy.
I wanted to take the opportunity with this inaugural post to introduce myself and provide you — the reader — a brief sense of where I am coming from and what you can expect to see here on Choke Points.
First a little about myself. I am a national security and foreign policy analyst in Washington, working largely at the crossroads of science, technology and national security policy. My interests in technology and security policy has given me an opportunity to work on a broad range of issues — from cyber security to the impact of climate change on the U.S. Armed Forces. For the most part, though, my particular focus has been on natural resources and security (energy and climate change in particular), first at the Woodrow Wilson International Center for Scholars, and now at the Center for a New American Security (CNAS), a non-partisan national security and defense policy think tank.
In this week’s episode of R-Squared Energy TV, I talk about the significance of China’s dominance of rare earth element production, and the conversion of pyrolysis oil into fuel.
The questions answered this week are:
1. Can you discuss the uses of ‘rare earth’ elements in the production of renewable energies (i.e., wind and solar)? Furthermore, can you comment on the supply of rare earth elements? I recently watched this video from Real Clear Energy. Is it accurate that China controls 97% of the current supplies? What implications does this have on growth of hybrid transportation, the wind and the solar industry in the USA?
2. I was watching your reports and was wondering your opinion about the feasibility of pyrolysis. I’ve seen a lot of companies advertising that they have take plastic or tires and produce 80+% and 45% pyrolysis oil respectively. Is that accurate? You also mention upgrading of pyrolysis oil, are there any companies out there who can do it on a commercially viable process? If so could you point me in the right direction?
“There is no rational reason for high oil prices,” writes Ali Naimi, Saudi Arabian Minister of Petroleum and Mineral Resources, in today’s Financial Times. Well, I can think of one– if oil prices were lower, the world would want to consume more than is currently being produced.
The graph below plots total world oil production over the last decade. After growing rapidly in earlier years, production hit a bumpy plateau. In November 2007, just before the U.S. recession began, the world was producing 84.9 million barrels each day, a little less than was produced in the spring of 2005. Although production stagnated, the demand curve continued to shift out, with world GDP growing 5.3% in 2006 and another 5.4% in 2007.
The following is a guest post from OilPrice.com. The subject — China’s foray into hydraulic fracturing — was also the topic of an energy roundtable I participated in this past summer: Roundtable on China’s Energy Future. My view is that the more energy China can produce domestically, the better for everyone as it keeps some pressure off of international energy markets. President Obama apparently agrees, based on the 2009 shale gas technology initiative he signed with Chinese President Hu Jintao. ——————————- China to Embrace Fracking In an Effort to Ramp up Energy Production China is leaving no shale deposit unturned in its effort to develop indigenous energy resources. On 24 November China’s Ministry of Land and Resources geological exploration department… Continue»
This Week in Energy is a weekly round-up of news making headlines in the world of energy. Most of these stories are posted throughout the week to our Energy Ticker page. The purpose is to stimulate discussion on energy issues. Community members should feel free to turn these into open thread energy discussions. Suggestions and news tips are welcome. I (Sam) can be reached at editor [at] consumerenergyreport [dot] com. Reporting from the Gasification Technologies Conference This week Robert Rapier attended the 2011 Gasification Technologies Conference. This conference covers developments for converting coal, natural gas, and biomass to power and liquid fuels via gasification. Robert provided some updates from the conference on Twitter (@RRapier), including: Shell’s 140,000 bpd Pearl GTL… Continue»
As hostilities in Libya wind down, one thing is clear: A number of nations will jockey for access to Libya’s oil. It happened in Iraq, where ironically the U.S. was shut out as Russia, China, and France won bids to develop Iraq’s fields. The new government in Iraq demanded terms very much in Iraq’s favor — and got them. U.S. companies simply weren’t willing to pay what China paid for access to Iraq’s oil. I would expect Libya to have taken notes from what companies were willing to concede in Iraq and demand similar terms. And regardless of who ends up there, one of the countries will certainly be China (they also had a big presence in the old regime)…. Continue»
Economic Heartache Normally, consumers consider falling oil and gasoline prices to be good news. They have to pay less to fill up their tanks. And if the reason for that is that oil supplies are increasing at a rate faster than demand is increasing, it can indeed be a good situation for consumers, and good for the economy. But here’s the bad news: That is not the case today. Oil prices fell last week to below $90 a barrel, their lowest level in six months. I think oil prices are likely to fall further in the short term, and gasoline prices won’t be far behind. While this news alone does mean that consumers will get some relief, the broader picture… Continue»
The following guest post is from OilPrice.com. ——————————– China’s omnivorous energy requirements have been attracting increasing attention as of late, as Beijing attempts to secure any and all sources of power for its growing industrial base. Nowhere is this more noticeable than Beijing’s policies in the South China Sea, where Chinese assertions of sovereignty are unsettling the Philippines, Taiwan, Vietnam, Malaysia, Indonesia and Brunei, all of whom have counter claims on the various shoals and islets. China’s landward neighbors are also feeling the hot breath of Beijing’s mandarins, however, most notably its economic rival India, with whom China fought a brief war in 1962 in the Himalayas over a disputed frontier, where the alpine conflict, according to China’s official military… Continue»