GREY:RNSFF - Post by User
Post by
gunfighteron Feb 21, 2005 11:46am
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Post# 8627566
China's Need for Energy
China's Need for EnergyWaiting for COAL News announcement and other News in the pipeline.
The truth about China. The truth about its oil use. And the truth about what that country's energy-thirst means for all energy investments - oil, natural gas,URANIUM and even coal.
China GDP smashed all estimates in 2004, rising 9.5% to an all-time record $1.65 TRILLION. Crude oil imports jumped about 35% -- setting monthly records at the END of the year.
China is projected to have as many cars as the U.S. by 2030 - and match our oil guzzling.
*** But it's not the year 2030 I'm worried about, it's NOW. China has already started poaching oil in our own backyard, striking agreements with Venezuela and Canada - countries whose total production we need for our own. to lessen dependence on the volatile Middle East.