... transportation sector, where oil is the main energy source at over 90% of overall consumption. The biggest growth in transportation is unsurprisingly occurring in the developing part of the globe where figures will roughly triple from the current level. China will lead the way with the number of cars per 1000 people rising from only 40 to 200 by 2025 – amazingly this equates to a 220 million rise in vehicle numbers. At this pace China will have more vehicles either than North America or Europe....
... monde tremblera"
Napoleon Bonaparte
The awakening of this old sleeping giant, or more accurately its re-awakening, has led much ink to be spilled and many keys to be worn-down. For many, this phenomenon was of great interest naturally due to China’s huge size and its equally large potential; especially, in contrast to the economically and politically stagnating West. However, for Russia, this re-emergence plays an exceptional role which stirs much uncertainty and mistrust, as once this ...
... does not permit easy access. Also, shale gas is naturally hard to evaluate as recent reports have emerged in the US that some wells may run dry quicker than anticipated. It will be interesting to see how the issue with water develops particularly, as China has recently begun to re-divert its major rivers and canals to restructure waterways for its mass population; particularly in the big cities that lack water. Surely, water heavy fracking and dense population – with possibility of contamination due to chemicals used in the method or gas released into the water make it unwise?
European countries like Great Britain, Germany and Poland, as Chatham House sees it in The ...
... do not breakeven; Krutikhin quotes Alexey Miller, Gazprom’s CEO, that by 2018 this sum could be a huge $127 billion for the whole sector. Krutikhin says the Eastern Expansion Project needs particular attention; for instance in respect to gas, China opposes paying over $290 per 1000 cubic meters, which is $110 cheaper per measure in contrast to the European consumers, whilst gas is also only really needed in Manchuria. So, not to exacerbate, resources must be price competitive to make alternatives ...
