Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9336)	5/6/2008 8:14:05 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

One should never underestimate the Chinese ambition and tenacity. However irrational, the Chinese are determined to make things happen and have the means. They can surprise or even hurt the IOCs (international oil companies) --------------- More from this presentation by Mr. Yan... As you can guess parts of his speech were not well received by the Houston office. He was blunt, and a touch abrasive or maybe just telling it like it is. John ................ The Chinese Actions: Coordinated Strategies • National Strategy (government guideline): – Inbound: attract foreign capital, technology, develop energy systems. – Outbound: secure access to energy sources from abroad; obtain new supplies, invest in energy producing countries. • National Oil Production Strategy: – Sustain the east (2/3 production), grow the west (1/6), develop offshore China (1/8), explore globally. • National Oil & Gas Overseas Investment Strategy: – Solidify in Middle East, develop in neighboring areas, expand in Africa and explore in Americas. – Secure long-term, stable, diversified supply: new supply; shift away from unstable ones. *Keep oil import about 50%. Consider securing oil at market.* – Compete with oil consumer countries and directly cooperate with oil producers ------------ usaee.org this page is key Progress: How Well China Fare So Far? • Management: local run. • Confidence reflects closer understanding of developing economics. • Money is not an issue: have to, well aware of over-pay. • Different risk profile, alignment of national and corporate interests.

To: John Pitera who wrote (9336)	5/6/2008 10:13:35 PM
From: stomper	Read Replies (1) \| Respond to of 33421

<<a couple of years to get the Regulatory go ahead>> That sounds a little ambitious, no? While this certainly isn't my milieu-and definitely appears to be yours-i've heard anecdotal stories of decade plus regulatory, red tape waits for building additional refineries. I can't fathom a nuclear plant being ok'd in less than 10 years.

To: John Pitera who wrote (9336)	5/7/2008 1:20:33 AM
From: The Ox	Read Replies (2) \| Respond to of 33421

I had a feeling my post would cause an initial reaction like yours, JP. I was hesitant to even write the prior post so I tried to 'walk the fine line' in an area that almost always inflames passions. I agree that there is no cabal run by the WH who's sole aim is to control the energy industry. However, this administration's policies have had such a narrow minded slant that the energy industry has been one of the few major beneficiary from their actions (I should add that just about all commodities have benefitted from the WH's policies or lack thereof). It is time (and it would be nice) to see the US adopt a more comprehensive, long term strategy with respect to all available energy sources. I believe that time is upon us, as the increases in costs to consumer will create an environment where the 800 LB gorilla can no longer be ignored.