U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-22-2009, 09:25 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,429 posts, read 5,953,597 times
Reputation: 1713

Advertisements

China_vs_the_US_The_Battle_For_Oil.avi

Here's an interesting documentary on how china is maneuvering to gain new oil reserves.

Looking for any comments on what you think of the way china is placing it self to get new sources of oil? And looking for your opinion/thoughts of how china's strategy will effect us economic and the economics and social structure of Africa.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 07-22-2009, 09:44 PM
 
1,954 posts, read 4,940,995 times
Reputation: 1121
There was an article in yesterday's FT about how China is looking to spend a vast amount of its $2 trillion foreign currency reserves to acquire assets in other countries, especially natural resources and energy.

As for oil, for the foreseeable future, it will be Russia and Central Asia that will be the big suppliers. I don't expect them to really go after too many assets in the Western Hemisphere yet, but who knows? In the end, it doesn't really matter where they get it, though, as the oil price is set globally.

It's certainly smart of them to acquire actual assets over simply paying to import oil.

At any rate, that's where the future of the world economy is going to be very soon, probably a lot sooner than any of us can imagine. The U.S. is declining, both in absolute terms and in relative terms. My only hope is that the market will bring us reliable alternative energy cars and other transport before the Chinese drive the oil price too high with their increasing demand. But even before they do that, the big thing we need to worry about in this country is a dollar crisis that would send oil and other commodities through the roof for American consumers. That's a bigger threat than China at the moment.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-22-2009, 11:40 PM
 
Location: Heartland Florida
9,324 posts, read 24,748,124 times
Reputation: 4969
I do not blame them for wanting out of the dollar before that idiot Bernanke and his cronies in crime inflate away the dollar's value. Expensive oil will crush any hopes of a "recovery" and finally get people behind eliminating the fed. Hopefully a nice backlash will form against speculators and really turn up the heat on the nonproductive parts of the economy.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-23-2009, 05:23 PM
 
Location: Conejo Valley, CA
12,470 posts, read 18,235,445 times
Reputation: 4343
I think the Chinese are smart enough not to over focus on oil.

Unlike Americans, they plan and think well into the future.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-24-2009, 08:22 PM
 
235 posts, read 822,320 times
Reputation: 168
China has 1.5 billion and the fastest growing economy in the world. it is essential for them to secure lots of oil, the pressure for them to do that is a lot higher than it is for the US (especially when they have nafta making sure Canada provides them with more than enough).
the thing about the US though is that countries like Russia and those in the muslim world could be more hostile to them than to China when oil is harder to get.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-26-2009, 05:57 PM
 
630 posts, read 1,745,391 times
Reputation: 360
With a cohesive energy policy,which this administration is moving towards.We will be able to put oil in the rearview mirror within 15-20 years.As regarding China,they have scads of pollution belching plants that are destroying their enviorment.If they want to embrace yesterdays technology,let 'em have it.They have been playing sugar daddy to our inflated lifestyle for years,if they want to make another bad decision with their hard earned currency,hey,its a free country......oh wait,it isn't!!!!!!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-27-2009, 09:02 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,541,305 times
Reputation: 6378
When the U.S was in its infancy, it had pollution belching plants. At least we never harshly put down dissenters, like those crazy Chinese are doing.

http://www.hvchronic.com/volume_2/no_1/CryingIndian.jpg (broken link)
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-28-2009, 12:46 AM
 
5,413 posts, read 10,360,535 times
Reputation: 4493
Quote:
Originally Posted by 70Ford View Post
When the U.S was in its infancy, it had pollution belching plants. At least we never harshly put down dissenters, like those crazy Chinese are doing.
hmmm, probably missed the Civil War (aka the War of Northern Aggression) in History Class?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-28-2009, 03:07 AM
 
Location: western East Roman Empire
8,073 posts, read 11,880,209 times
Reputation: 8082
Quote:
Originally Posted by Philip T View Post
hmmm, probably missed the Civil War (aka the War of Northern Aggression) in History Class?
We're getting off topic now, but I too view the so-called US Civil War as the world's first great war of industrial imperialism, for better and for worse, the Europeans followed suit in the first half of the 20th Century, crippling themselves while the US had already solved the issue a few generations earlier, helping to explain US hegemony in the latter half of the century.

I also viewed the Iraq war as a battle over who would sell oil to the Chinese and at what price.

US and other so-called private oil firms from the countries of early industrialization control an increasingly smaller share of global oil supplies in comparison to so-called government-owned oil companies around the globe, and recent wars, I suppose, were designed to at least slow that process. Either way, I tend to view it as a bunch of different oil mafias slugging it out with each other, with the people in somewhere in the middle.

Alternative energy, in fact, may be the spoiler, it is too early to tell.

Good luck!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-28-2009, 06:23 AM
 
12,869 posts, read 13,718,988 times
Reputation: 4453
Quote:
Originally Posted by user_id View Post
I think the Chinese are smart enough not to over focus on oil.

Unlike Americans, they plan and think well into the future.
sure china is too smart to concentrate on oil......

today's asia times:
The growing outreach of Chinese national oil companies (NOCs) has stoked concerns that Beijing is maneuvering to lock up global energy assets. Yet recent agreements with Russia, Kazakhstan, Brazil and Venezuela for a combined value of nearly US$50 billion in Chinese capital indicate oil-producing countries have maintained control of their assets.

China has grown to become the world's second largest consumer and importer of oil, and the government has been pushing its NOCs to implement a "go-out" strategy to secure overseas energy supply.


china has oil deals with africa, iraq, kazakhstan, russia, venezuela, sudan, iran, saudi arabia, and canada. (all of which can be found with an online search)

all of this makes it even more surprising that obama would want a cap and trade policy to hinder the united states, WHICH HE REPRESENTS, at a time when china is clearly competing with the united states for oil sources.

Last edited by floridasandy; 07-28-2009 at 06:39 AM..
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top