>>The submarine incident was put down to a "technical error" by the Chinese government, which apologised to Japan.<<
It is amazing that Japan considered “regret” as an apology<g> And this piece of news has never been broadcast within China.
East China Sea issue, since Japan refused to make any concession, so both countries might have to turn it to the international court. And that will drag on for a couple of years. Meanwhile, China will continue its gas exploration there. What could Japanese do?
>>The Brazil trade deal included funding for a joint oil-drilling and pipeline programme at a cost that experts said would add up to three times the cost of simply buying oil on the market.<<
Interesting. Why China is so stupid<g>
>>The West, however, has paid little attention to these developments. For the United States and Europe are far more concerned with the even more sensitive issues of China's relations with "pariah states".<<
Does it really matter whether the West pays attention or not?
>>Increasingly, analysts are saying that China's efforts have gone beyond what is safe or even in its own interests.<<
What a pathetic comment. Who has the say what is China's need, or its energy security, or China's own interest? The West, or China itself?
>>Claude Mandil, the executive director of the International Energy Agency in Paris, said the reserves in the East China Sea were hardly worth the trouble.
"Nobody thinks that there will be a lot of oil and gas in this part of the world," he said.<<
According to Japanese, there are 100 billion bbl of oil, and 200 billions of sq. meter natural gas.
And China already confirmed 7 natural gas fields, and some rock formation containing natural gas. From Aug. China has already started the pipeline construction of 470 kilometers long. And first stage will be done by next May. It can send 2.5 billion sq. meters of natural gas to ZheJiang and Shanghai each year. Maybe this is small peanuts for the West, but for China, they are pretty significant<g>.
>>"If China's economy falters, which, in my view, appears increasingly likely, then commodity prices will plummet, and with them, the value of the assets that produce them," Jason Kindopp, Eurasia's lead China analyst, said.<<
These guys have been predicting China will collapse year after year for more a decade now. So why should I believe them now?
>>"Beijing may end up in a early 1990s Japan situation, where it is forced to sell recently purchased overseas assets for a fraction of what it paid for them."<<
We will see. And one thing for sure, I do hope the Norando deal goes down the drain<g> |
