by Starman » Mon Aug 22, 2005 3:56 am
Why would anyone think they could 'prove' a contrarian position by depending on a SINGLE interview by a Chinese official, as if Chinese officials are automatically more credible than US officials? This shows a willingness to suspend skepticsm when it comes to criticizing evidence for tight oil supplies. It just so happens that many news reports directly contradict the official's claims that the oil shortages in the south of China aren't serious -- a few provided below. Did you ever even consider that China's playing a very delicate propaganda game and has a very keen interest to minimize its oil-supply problems? <br><br>Fact is -- India and China are poised to see big increases in their oil-energy needs as their booming middle class seeks to expand the private car market. These increasing oil demands will be a huge challenge for the world's oil suppliers to meet -- which is a major reason why the Chinese-majority-owned oil company CNOOC recently sought to buy Unocal. Interestingly, there are indications that US politicans were motivated to criticize the deal because of competing oil-interest lobbyist campaign contributions. Ah yes, the much-vaunted 'free market' <gag>. If you had done just a little more research, you'd have found that China has been subsidizing the high oil prices, racking up big losses, instead of passing costs along to customers, further aggravating an explosive situation. -- Yi Lang was trying to assure Chinese oil users as much as to calm the speculative oil-pricing market. Your 'rebuttal' is so oversimplistic I have little confidence in your grasp of this important issue -- hardly encouraging me to put much faith in your argument.<br><br>Your reference to Occams' Razor suggests you don't have a very-well developed understanding of the oil shortage issue re: meaning of Peak Oil. In this issue of whether high oil prices are due to an oil-monopoly conspiracy or to a tight market with little excess capacity, all other things are NOT equal. <br>In fact, it seems to me that the level of coordination required for competative oil companies to fix-prices and cut-back on production, falsifying industry, geological, financial and trade reports/data to convincingly fool non-industry observers and related service-providers and investment analysts etc, is FAR more complex an explanation than that accessable oil reserves are reaching the midpoint of recoverable capacity -- signalling the point at which oil recovery will become increasingly more difficult and expensive -- and which would be in-line with predictions extending from the Hubble Theory made about fifty-years ago.<br><br>To suggest that Occam's Razor somehow invalidates Peak Oil is to miss the point of what is being cut or why.<br><br>But don't give-up trying to disprove peak oil. Proof of such massive fraud might finally get people off their asses and demand the imperialist crooks be subject to real justice. As part of the sam we DO know, high oil prices are intimately linked to the trillions of dollars of killing-machines and weapons and appropriated labor and resources the status-quo essentially stole to keep their control of wealth and power -- all those trillions of dollars of materials and technology and labor that could have been used to provide global health-care and housing and viable local-sustainable economies and a high degree of energy-efficiency and self-reliance -- a massive increase in standards of living and quality of life that the people of the world were cheated from -- that's a far bigger crime and outrage than 'just' the doubling of crude-oil prices from last year, since it involves resource-wars, manipulated conflicts, continuuig the Federal Reserve Ponzi Scheme and debt-racket, war-crimes, war-profiteering, consolidation of wealth, abuse of power, and the institutionalization of corruption and crime and poisoning the planet ...<br><br>Playing the oil company 'blame game' is a red-herring distraction and diversion that avoids recognizing how the oil companies, the International Banking dynasties, the military-defense industry, crime-cartels, transnational corporations, politicos, global elites and other gangster-racketeers and the PTB are all linked in defrauding and exploiting ALL the people of the world. We should be damn outraged at the limited choices we've been left with.<br>Starman<br>***<br><br>From: <!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/news.php?cat=56">www.energybulletin.net/news.php?cat=56</a><!--EZCODE AUTOLINK END--><br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/8047.html">www.energybulletin.net/8047.html</a><!--EZCODE AUTOLINK END--><br>Beijing under pressure to tackle oil shortages<br>Richard McGregor, Financial Times (UK)<br>Rising anger in China over spreading fuel shortages is increasing pressure on Beijing and the local oil majors to devise a new pricing policy to head off future crises over oil supplies to motorists.<br>first published August 19, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/7831.html">www.energybulletin.net/7831.html</a><!--EZCODE AUTOLINK END--><br>Philipines energy crisis looms due to escalating oil hike<br>Staff, Philippine Information Agency [govt]<br>The Government has made the call to people to appreciate the looming crisis arising out of the unabated price of oil in the world market. According to Press Secretary Ignacio Bunye the country should face this challenge squarely and close ranks.<br>first published August 14, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/7313.html">www.energybulletin.net/7313.html</a><!--EZCODE AUTOLINK END--><br>Crude Fight<br>Matthew Forney, Time Asia<br>Wildcat drillers in China are battling Beijing after the State resumed rights over their oil wells.<br>first published July 19, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/7150.html">www.energybulletin.net/7150.html</a><!--EZCODE AUTOLINK END--><br>US lawmakers meddle in CNOOC's Unocal bid<br>(Agencies/FT), China Daily<br>Washington lawmakers who have expressed opposition to CNOOC's US$18.5 billion bid for Unocal Corp have received more than US$100,000 in campaign contributions from rival bidder Chevron since 2002, the Financial Times reported, citing publicly available filings in the US. <br>first published July 7, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/7035.html">www.energybulletin.net/7035.html</a><!--EZCODE AUTOLINK END--><br>Adding fuel to the fire<br>John Vidal, The Guardian<br>Car ownership in developing countries will overtake the west, but oil demand threatens global stability.<br>first published July 1, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/6981.html">www.energybulletin.net/6981.html</a><!--EZCODE AUTOLINK END--><br>China's bid for Unocal<br>Staff, Energy Bulletin<br>China on global hunt to quench its thirst for oil / China's bold bid for global energy / Unocal deal: a lot more than $ at issue / China oil bid to get close scrutiny / Secretive US panel could block China's Unocal bid / Krugman: the Chinese challenge / World oil giants fighting here, partnering there / China's costly quest for energy control<br>first published June 28, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/6956.html">www.energybulletin.net/6956.html</a><!--EZCODE AUTOLINK END--><br>China throws down gauntlet to USA Inc<br>Frank Kane, The Observer<br>If you want to understand the global economy and feel the pulse of capitalism in the early 21st century, look no further than the $19 billion bid by the China National Oil Operating Company - Cnooc - for Unocal of California. Add a large measure of geopolitical tension, and you have probably the single most important corporate event of the young millennium.<br>first published June 26, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/6459.html">www.energybulletin.net/6459.html</a><!--EZCODE AUTOLINK END--><br>China exploring ways to use forex reserves to buy oil - report<br>sharon.wu@xinhuafinance.com, AFX<br>China is exploring ways to use some of its huge foreign exchange reserves to buy imported oil, the Shanghai Securities News reported, citing an unidentified source. The newspaper said the plan, which was first proposed as early as 2000, would reach the twin objectives of making better use of the nation's foreign exchange and ensuring vital oil supplies.<br>first published May 31, 2005.<br><br><!--EZCODE AUTOLINK START--><a href="http://www.energybulletin.net/6005.html">www.energybulletin.net/6005.html</a><!--EZCODE AUTOLINK END--><br>Asian countries subsidizing fuel hit hard by higher oil prices<br>AFP staffer, Channel NewsAsia/Agence France Presse<br>KUALA LUMPUR : Higher oil prices are creating major problems for Asian countries which subsidize fuel costs, threatening economic growth if the subsidies are kept in place and consumer outrage if they are not.<br>first published May 9, 2005.<br> <p></p><i></i>