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Author: Randall W. Hardy Publisher: Routledge ISBN: 0429726333 Category : Political Science Languages : en Pages : 102
Book Description
Much has been written recently about China's emergence as a potential oil power. Comparisons have ranged from those that picture China as another Middle East, with a Middle East-like impact on future global oil markets, to more modest images of an oil-producing nation that can meet its rapidly expanding internal needs through the late 1980s and still have some oil for export to its neighbor, Japan. Yet to fulfill even the latter prediction, the People's Republic of China will have to surmount a series of substantial political and technical obstacles. This book identifies those constraints, assesses the likelihood of China's overcoming them, examines the incentives for increasing Chinese petroleum exports, and analyzes the role such exports could play in Peking's foreign policy.
Author: Randall W. Hardy Publisher: Routledge ISBN: 0429726333 Category : Political Science Languages : en Pages : 102
Book Description
Much has been written recently about China's emergence as a potential oil power. Comparisons have ranged from those that picture China as another Middle East, with a Middle East-like impact on future global oil markets, to more modest images of an oil-producing nation that can meet its rapidly expanding internal needs through the late 1980s and still have some oil for export to its neighbor, Japan. Yet to fulfill even the latter prediction, the People's Republic of China will have to surmount a series of substantial political and technical obstacles. This book identifies those constraints, assesses the likelihood of China's overcoming them, examines the incentives for increasing Chinese petroleum exports, and analyzes the role such exports could play in Peking's foreign policy.
Author: Lianyong Feng Publisher: Springer Science & Business Media ISBN: 1441994106 Category : Technology & Engineering Languages : en Pages : 123
Book Description
The Chinese Oil Industry: History and Future presents a wealth of tables and figures with new data on Chinese fossil fuel production and consumption, together with a peak oil model to forecast future trends in energy supply and demand. Energy experts in China and the United States provide you with a unique overview of the entire Chinese oil industry. The authors discuss trends in production and consumption of global significance through to the middle of the 21st century, including the energy returned on energy invested (EROI) for China’s oil and gas. The role of oil in the industrialization of China is described as are four phases in the history of the Chinese oil industry. Detailed coverage of resources and exploration, pipeline development, refining and marketing, petroleum and natural gas pricing policies, and international cooperation is followed by consideration of conservation, renewable energy, and environmental impact. The authors also address the importance of coal and the probable future of coal production. - Offers a comprehensive view of the Chinese oil industry - Presents new and previously unpublished data - Covers history and future trends in production and consumption - Introduces a new peak oil model for China - Discusses EROI trend of oil and natural gas and its consequences for the Chinese economy - Written from an objective viewpoint by leading energy experts
Author: George G. Eberling Publisher: Lexington Books ISBN: 0739191829 Category : Political Science Languages : en Pages : 247
Book Description
Future Oil Demands of China, India, and Japan examines how Chinese oil energy will likely shape future Sino-Indian and Sino-Japanese relations under conditions of dependency and non-dependency, and whether competition or cooperation for scarce energy resources will result. The author lists and describes three possible Chinese oil energy futures or scenarios (Competitive Dependency, Competitive Surplus, and Cooperative Surplus) using Scenario Analysis and the PRINCE Method to subsequently estimate their associated likelihoods. Further, this book discusses and evaluates their strategic implications for India and Japan and estimates the most likely oil energy future. This book argues that China’s rising dependence on imported oil, along with its adroit use of soft power, economic prowess, strategic engagement of the world as an alternative model of political and economic development, military modernization, and rapid economic growth can only mean that it will alter the global status quo and become the dominant actor in world affairs in the near future. India and Japan will be less influential economically because China is skillfully harnessing and strategically exercising the elements of national power (diplomatic, informational, military, and economic) to acquire scarce oil energy resources in the Near East, Western Hemisphere, and Sub-Saharan Africa.
Author: T. Kambara Publisher: Edward Elgar Publishing ISBN: 1847204317 Category : Business & Economics Languages : en Pages : 161
Book Description
. . . a very detailed and fascinating description of the development of China s oil and natural gas industry and an assessment of its prospects. . . certainly a recommended read. Anthony D. Owen, Asia Pacific Journal of Economics and Business . . . this book should be a part of the library of anyone interested in the Chinese energy system. New Zealand Journal of Asian Studies This is a timely and important book to help enhance understanding of China s petroleum industry and to assess China s energy policy in a more sensible way. Janet Xuanli Liao, The China Journal This is a timely volume. Understanding the oil and gas industry that China has at home is an essential prerequisite to understanding Chinese foreign policy and the future role of China in world oil and gas markets. It is certain to be a major one. From the preface by Ron Oxburgh, Lord Oxburgh of Liverpool, (Climate Change Capital) China s rapid economic development is having profound implications for energy resources. China has always been exceptionally reliant on its abundant coal, but consumption of oil and gas have grown rapidly since reform began in the 1980s. In spite of vigorous domestic development most recently in the Tarim Basin China is now consuming approximately 8 per cent of the world s oil output but producing only 4 per cent. China s emergence as an energy importer has given rise to concerns that it is a major contributor to recent turmoil in energy markets. This book examines China s record of oil and gas development, its refining capacity, and energy prospects. The authors conclude that there are no fundamental reasons for anxiety about China s demands on the world energy economy, but they emphasize that its energy future will depend critically on a continuation of reform and internationalization. China and the Global Energy Crisis is a concise but detailed study of these issues. This book will appeal not only to readers concerned with China and energy issues, but also to a wider readership seeking to understand China s development and its global meaning.
Author: Ming Dong Publisher: LAP Lambert Academic Publishing ISBN: 9783843392655 Category : Languages : en Pages : 60
Book Description
The world oil prices have raised and fluctuated a lot during the past ten years. In order to hedge the risks, developing Chinese petroleum futures market is important. However, lacking pricing system is a main issue. In this paper, I use the two-factor model and a seemingly unrelated regression method from Gibson & Schwartz (1990) to price China s one-month crude oil future contract. First, I estimate the future prices by assuming that China has the same convenience yield as the U.S. market. Second, I study the possibilities of real convenience yield in China based on macroeconomic analysis. Third, arbitrage theory provides the reasonable future prices. In the end, statistical tests prove that the calculated China s crude oil future prices have the price discovery function for the Daqing spot prices and the ability of hedging international oil shocks. This work should be useful to professioinals in asset pricing and commodity derivatives fields, or anyone else who may be considering commodity market as a interest.
Author: George G. Eberling Publisher: Lexington Books ISBN: 0739165704 Category : Political Science Languages : en Pages : 199
Book Description
China's rise in the global arena is undeniably altering the global status quo. Its rise is closely linked to and reflected in its rising dependence on imported oil, adroit soft power, economic prowess and corresponding impressive economic growth, its military modernization, and its strategic engagement of the world as an alternative model of political and economic development. As the status quo changes, the United States theoretically becomes less influential politically, economically, and militarily, because China is skillfully harnessing and strategically exercising the elements of national power to acquire scarce oil energy resources in the Near East, Western Hemisphere, and Sub-Saharan Africa. Chinese Energy Futures and Their Implications for the United States, by George Eberling, examines how Chinese oil energy specifically will shape future Sino-American relations under conditions of dependency and non-dependency, and whether competition or cooperation for scarce energy resources will result. Eberling uses both scenario analysis and the PRINCE method to examine three possible Chinese oil energy futures: Competitive Dependency, Competitive Surplus, and Cooperative Surplus. Chinese Energy Futures also discusses and evaluates the strategic implications of these scenarios with respect to the United States.
Author: Tai Wei Lim Publisher: World Scientific ISBN: 9814467391 Category : Political Science Languages : en Pages : 180
Book Description
This book looks at the emergence of China as a major importer and consumer of energy as well as examines contemporary issues within the Chinese oil industry. As China benefits from globalization, what is the impact on China's relations with countries in its neighbouring region when it seeks more oil importation from overseas sources? China's industrial growth in the Pan Pearl River Delta Region is outstripping its oil supply and China is turning to the ASEAN countries connected to its Pearl River tributaries to form a Pan region that acts both as a conduit for oil supply from other sources as well as the supply source itself.Geopolitics in the region represents one of the main obstacles standing in China's way for a regional agreement on maritime resources. Would the pressure on China for more energy translate into tension and conflicts? How will Japan view or compete with China's initiatives in ASEAN given that Japan is still the region's largest investor.After China's landmark energy crisis in 2004, how will China be able to strike a balance between economic growth and energy consumption? With the growing importance of post-industrial debate and environmentalism, what are the implications of post-industrialism for China? For future energy use, how will China utilize the options of alternative energy, energy conservation and reinvigoration of old energy resources to meet its future oil needs?
Author: Kang Wu Publisher: World Scientific ISBN: 9814335681 Category : Business & Economics Languages : en Pages : 287
Book Description
The key subjects of the book are policy imperatives, market dynamics and regional developments concerning oil and gas, as well as energy as a whole in China. In addition to national policies and issues, the objective of this book is to study China's regional oil and gas demand, supply and trade, energy balances, and economic development, with projections up till 2030. Particular emphasis will be given to challenges facing the Chinese government in ensuring future oil supplies, pipeline and liquefied natural gas (LNG) imports, energy security, downstream oil refining sector developments, the use of natural gas for power generation, and oil and gas related environmental issues. The impact of China's oil and gas sector developments, market dynamics, rising imports, and overseas investment on the Asia-Pacific region and the world at large are examined.Energy Economy in China also reviews current and future oil refining projects, gas pipelines, LNG import terminals, and emerging new markets in China over the next fifteen years.
Author: H.H. Wang Publisher: Elsevier ISBN: 0080529119 Category : Business & Economics Languages : en Pages : 429
Book Description
This authoritative book on China's oil demand and government policies and practices rests on two essential foundations: first and foremost on the author's considerable knowledge of China's oil situation and prospects, together with his access to Chinese energy literature and data; and secondly, on that insight afforded to him and, therefore, his readers from his fluency in Chinese. The author analyzes the Chinese oil market and the rising pressure on Beijing to reform policies which constrain China's ability to meet soaring demand and to pay for crucial imports at a time of growing political and economic uncertainties. Dr Wang acknowledges the importance of China meeting its growing domestic oil demand, if at all possible, through national production. The sheer weight of China's population, and its burgeoning requirements as industrialization spreads into most regions, dwarfs the needs of others and places unprecedented strain on international oil trades. The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless. Moreover, he reminds the reader of the perennial difficulty in meeting widely disparate economic and energy needs in different regions of the vast country.
Author: Robert E. Ebel Publisher: Center for Strategic & International Studies ISBN: Category : Political Science Languages : en Pages : 108
Book Description
Razoxane and dexrazoxane are two novel drugs with some uniquely useful features. They block cell division at the G2/M border, but nowhere else, so that they have a low toxicity profile. They suppress tumor metastasis and haemorrhages through normalization of pathological blood vessels. Razoxane potentiates radiotherapy especially in the treatment of soft tissue sarcomas and gastrointestinal neoplasms. They protect normal tissues against toxic chemicals, e.g. the myocardium against anthracyclines or subcutaneous tissue against injuries caused by incidental extravasations of anthracyclines. Dexrazoxane is the only drug approved by the FDA/EMEA for the specific purpose of preventing cardiac damage when giving the widely used and effective antitumor anthracyclines. The reduction of cardiotoxicity is achieved without response reduction or reducing of time to progression of tumors. While the full analysis of their actions at the molecular level is not yet completely understood, it seems most likely that it is via an inhibition on the topoisomerase II a. Moreover, the drugs have the ability to chelate several metals including iron, copper or zinc. The protection of normal tissues is nowhere more important than that of brain, and there are indications that the proteins thought to be responsible for the ravages of Alzheimer ́s disease could be stabilized by one or both these drugs.