From The Wall Street Journal, via A Glimpse of the World: As for China , it is true that oil demand shot up 16% last year, and was clearly a force propping up oil prices. However, as with Russia, the current sizzle can be misleading. Last year’s oil boom is simply not sustainable. Much oil […]
Read MoreFrom Asia Times Online: In the words of Indian Prime Minister Manmohan Singh, “China is ahead of us in planning for its energy security – India can no longer be complacent.” These words conveyed the sense of urgency that India holds over meeting its energy needs. India is playing catch-up with other major players in […]
Read MoreFrom the BBC News: “China’s vibrant economic growth is built on coal, the source of two thirds of the country’s electricity. Digging out that coal cost the lives of 15 miners a day in the first nine months of this year, official accident figures show. China’s leaders are now grappling with a predicament – how […]
Read MoreParts of China will face an energy shortage this winter, according to a report in AP. Last month, China Daily reported that nine provinces may face power blackouts this winter. The privatization of housing has contributed to the country’s energy woes: “State employers used to supply winter heating to company-issued housing for free. But now […]
Read MoreBBC reported today: “China has warned that several of its key regions face more power shortages this winter and spring. China suffered shortages in the summer, as temperatures soared and air conditioning units used up energy. While cooler weather has temporarily helped, the need for heating and maintenance will soon mean facilities cannot meet demand, […]
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