Saturday, October 29, 2005
Energy - Political sensitivities
The United States is blaming the Chinese for the global energy crisis. The Oil Drum has an interesting post and discussion on the matter today.
One contribution to the discussion:
The link to the Chinese press was very helpful. They challenge the accusation that China is destabilising oil markets.
The 'China Daily' says BP's figures show China consumed only 8 per cent of the world total in 2004; however the United States consumed a quarter of the total. Secondly, CD suggests China produced domestically 60% of its consumption; the US produced 40%.
Nevertheless, the competition for the vital and finite reserves is getting intense. Is the World Trade Organisation Ministerial in December the best forum to discuss, officially, this crisis?
One contribution to the discussion:
The link to the Chinese press was very helpful. They challenge the accusation that China is destabilising oil markets.
The 'China Daily' says BP's figures show China consumed only 8 per cent of the world total in 2004; however the United States consumed a quarter of the total. Secondly, CD suggests China produced domestically 60% of its consumption; the US produced 40%.
Nevertheless, the competition for the vital and finite reserves is getting intense. Is the World Trade Organisation Ministerial in December the best forum to discuss, officially, this crisis?
# posted by IJ @ 5:00 AM 
