Posts tagged “China”
Global Energy Growth BP recently released their highly respected annual Statistical Review of World Energy for 2011. Most of the news stories on the report have focused on the exceptionally strong growth in global energy consumption. While that is without a doubt a major story that I will discuss here, I also want to highlight some lesser known facts from the report. Crude Oil The report notes that overall energy consumption growth was 5.6%, the highest rate since 1973. Oil prices averaged the second highest level on record, and therefore oil showed the slowest growth rate at 3.1%, to reach a new record level of 87.4 million b/d. (I am on record as stating that I think global oil production… Continue»
Just a note that this weekend I leave for an extended business trip, with visits to Seattle, Washington D.C., Germany, Massachusetts, Vermont, and California. I will be on the road for about four weeks, but will try to keep to my schedule of posting new columns on Mondays and Thursdays. Next Monday I will have a story up on Virent’s progress in producing gasoline from biomass, and following that I have a number of stories and guest posts to choose from. I was recently asked to participate in an energy roundtable at Focus on China’s Energy Future and the Shale Gas Question. It is no secret that I feel that China’s moves stand to continue sending shock waves through the… Continue»
Here are my choices for the Top 10 energy related stories of 2010. I can’t remember having such a difficult time squeezing this list down to 10 stories, because there were many important energy stories for 2010. It was hard to cut some of them from the Top 10; so hard that I almost did a Top 15. But I made some difficult choices, and offer my views on the 10 most important energy stories of 2010. Previously I listed a link to Platt’s survey of the Top 10 oil stories of 2010, but my list covers more than just oil. Reviewing my list of Top 10 Energy Related Stories of 2009, I see that I made three predictions. Those… Continue»
China consumed 2,252 million tons of ‘oil equivalent’ last year, which is about 4 percent more than the U.S. consumed.
Senate Committee barks at wind turbine developers in the private sector for taking Federal grants and outsourcing labor to China.
China’s increase in its wind energy capabilities accounted for more than one third of the 39.1% increases around the world.
Here are my choices for the Top 10 energy related stories of 2009. Previously I listed how I voted in Platt’s Top 10 poll, but my list is a bit different from theirs. I have a couple of stories here that they didn’t list, and I combined some topics. And don’t get too hung up on the relative rankings. You can make arguments that some stories should be higher than others, but I gave less consideration to whether 6 should be ahead of 7 (for example) than just making sure the important stories were listed. 1. Volatility in the oil markets My top choice for this year is the same as my top choice from last year. While not as… Continue»
Oil on the Brain by Lisa Margonelli was recommended by Paul Sankey at the 2009 Energy Information Administration Conference as a book that provided great insight into the oil industry. I have had it on my list of books to read, and recently picked it up to read during my travels. I have been traveling a lot lately, and I like to read while I travel, so I knocked it out over the past couple of trips I have taken. The premise of the book is that a person who doesn’t know much about the oil industry sets out to find out what it is really like on the inside. It reminded me in some ways of Crude World by… Continue»
The Chinese are purchasing oil fields across the world in an attempt to rival the major oil companies, such as, ExxonMobil, Royal Dutch Shell and Chevron.
Today a topical post the latest from Money Morning, which as I previously explained will be featured here whenever they have relevant material to offer. As always, normal caveats apply: I am not an investment advisor. I don’t endorse any specific stocks mentioned in the following story nor the ad at the end of the story. ————————–China Tightens Grip on Africa’s Energy Resources with Stake in Offshore Field By Jason Simpkins Managing EditorMoney Morning CNOOC Ltd. (NYSE ADR: CEO) and Sinopec Corp. (NYSE ADR: SHI) have agreed to buy a 20% stake in an oil field off the shore of Angola for $1.3 billion, illustrating China’s persistent attempts to acquire resources for its economic expansion at a time of weakness… Continue»