Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on June 6, 2007

Bookmark and Share

StockInterview: How to Play China’s Energy Crisis

An 18-month investigation by StockInterview’s research team has led to a significant conclusion: China has an energy crisis of epic proportions.


In fact, China’s energy crisis is downright frightening.
China’s steel industry is growing at a level not seen since the European and North American industrialization era of 1875-1900 and far greater than the post-war


reconstruction of 1950 – 1970. For example, China is producing 34 percent of the world’s steel production.


China’s cities are being built at an unimaginable rate. About 3,000 new automobiles are hitting the streets every day.


China consumes 44 percent of the world’s iron ore mined, 25 percent of the world’s aluminum and 20 percent of the world’s copper production.


For this massive production, China needs energy. Yet in January, the country began importing coal for the first time in its history. It is also the world’s largest producer and consumer of coal.


With every new energy discovery, the find is immediately earmarked for new production facilities. The natural gas from a recent discovery of 3.8 trillion cubic meters in northeastern Sichuan Province was instantly assigned to continue fueling new and existing smelters!


From where will China secure its reliable energy sources to supply this growth?

PR-inside



Leave a Reply

Your email address will not be published. Required fields are marked *