Fuel Issues

Back to The Future of Fuel Prices

China & India

by David Pascoe

 


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This and other three texts below contain short summaries on the status of the nation states that now have, and will in the future, the greatest effect on oil prices. They have been kept separate from the body of the report The Future of Fuel Prices because they are essentially political in nature.

In the last ten years the world has gone through a period of unprecedented growth, driven primarily by the U.S., China and India. The later two represent the major growth sector for growing oil demand, while the older industrialized west has greatly slowed in the rate of fuel usage for a variety of reasons, not the least of which is improved efficiency and the transfer of manufacturing to so-called third world.

Very high oil prices over the last year or so are putting the brakes on China and India. Both nations recognize that they cannot allow their unprecedented growth in oil use to continue. Therefore, they have embarked on major programs to improve efficiency plus development of other fuel sources. These are coming rapidly into effect, motivated by too much of their currency leaving the nation. Therefore, their rate of oil consumption will not be as high as experts previously predicted, and this will help to relieve upward oil price pressures. Other factors to slow their oil consumption will include the fact the neither of these nations have the road infrastructure needed to sustain previous levels of automobile growth, for which a strong incentive to slow the rate of auto purchases is emerging.

On the down side, both these nations, particularly China, have made concerted efforts to tie up future supply by means of long term contracts and other political deals. A good example is China's recent deals with Castro over recent Cuban finds, as well as Chinese deals with Iran. At one time I used to fear these totalitarian nations, but time has a way of revealing their inherent weaknesses. Essentially what we have is thieves making deals with thieves. History is strewn with the wreckage of such deals that tend to be short-lived. India has recently discovered that the U.S. is not her enemy and China must mind her manners with her largest customer, lest she have no money to even buy oil.

Back to The Future of Fuel Prices

Posted September 27, 2006

 

 

 


 

MARINE SURVEY BUSINESS
Surveying Fiberglass Power Boats

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Chapter 1 
What is Pre-Purchase Survey?

Chapter 2   
Business Practices and Client Relations

Chapter 3   
Sound vs. Seaworthiness

Chapter 4   
Procedures

Chapter 5   
Hull and Its Structure

Chapter 6   
Surveying the Hull

Chapter 7   
Stress Cracks & Surface Irregularities

Chapter 8   
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Chapter 9   
Cockpits

Chapter 10 
Drive Train

Chapter 11 
Gas Engines

Chapter 12 
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Chapter 13 
Exhaust Systems

Chapter 14 
Electrical Systems

Chapter 15 
Plumbing Systems

Chapter 16 
Sea Trials

Chapter 17 
Appraisal

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Chapter 2

The Nature of Investigations
Chapter 3  
The Nature of Evidence
Chapter 4 
Marine Insurance and Issues of Law
Chapter 5  
Bilge Pumps & Batteries
Chapter 6  
Finding the Leak
Chapter 7  
Sinking Due To Rain
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Fire Investigations
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Interrogation Techniques
Chapter 12
Reports
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