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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (5070)	11/14/2006 8:30:19 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24213

We are our worst enemy.

To: SiouxPal who wrote (5070)	11/14/2006 8:48:05 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24213

Just found this ...Oil Drum... I guess he is the official translator: A Chinese translation team under my supervision has finalised its translation of respected investment banker Mr. Matt Simmons' book Twilight in the Desert from English into China. The Twilight Chinese version, coming out in the December 2006, could a starting point to warn Chinese once again and then kick off Chinese review of this wake-up call seriously. As chief translator, I will hold Twilight Chinese version release ceremony in January 2007 in Beijing. Xiaojie Xu Just for your interest, "he" must be a "she." "Xiaojie" is Chinese for "Miss".

To: SiouxPal who wrote (5070)	11/15/2006 3:08:51 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 24213

Sparaxis on Wednesday November 15, 2006 at 1:36 AM EST China is almost without question going to use their SPR for "market adjusting" purposes. They recently "leased" a part of the Zhenhai SPR depot to Sinopec and stated as such. There is a common belief there that the US manipulates the oil market to harm China, despite the lack of appropriate mechanisms within their own country to transmit supply and demand signals to their 2 major oil companies, aso that such measures are appropriate. In the last few days, IEA held a conference in Beijing, in which China's participation in the international petroleum sharing agreements of the IEA were discussed, but China remains suspicious of closer ties to the organization (which, technically, can't accept China as a member since it is not an OECD member.) China's peak oil awareness has grown quite a bit since I first held discussions with various leaders on the subject in the last two years. Even the National Energy Leading Group, China's top energy policy body under the State Council, has been publishing articles on the subject on their website. In September this year, one of the articles stated: "???????????? 3021;?2010?????." ("World peak oil production is very likely to occur before 2010".) The US doesn't understand how critical oil is to the Chinese economy and the lengths to which they will go to secure it. We equate oil with car usage (and rightly so), but China's transport use of oil accounts for nearly 25 percentage points less than it does in the US...the rest drives key agricultural and industrial processes for which there is no quick or easy substitute, and for which "cutting back discretionary driving" is no solution. theoildrum.com (Original link is in Chinese)