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The following slides
are just an overview
Why?
WHEN
- In 1993, China did not import oil. By 2030, it will import
as much as the U.S.
- By 2030, India’s oil imports will be greater than those
of Japan or the European Union.
WHERE
- In Beijing and Delhi, the race for oil deals in Latin America,
Central Asia and Africa is a critical concern.
- China seems less inhibited about doing business with
governments shunned by the West like Iran, Burma and
Venezuela.
WHY
- China’s economy is based on manufacturing, India’s is strongly
service-based. This makes China even more energy-hungry.
- India’s more open, democratic political system puts it at a
disadvantage. e.g. A nuclear deal is being blocked in India by anti-
U.S. politics while China is expanding nuclear plans at the
government leadership’s will. But neither country will get more
than 4% of its power from nuclear in 2020.
- Both India and China are developing wind, biomass, solar and
hydro-electric energy resources.
- India has enormous undeveloped hydroelectric resources.
China’s and India’s net oil imports are expected to
jump to 19.1 million barrels a day in 2030 from 5.4
million barrels in 2006, more than what the United
States and Japan now import. By 2030, global oil
demand is expected to reach 116 million barrels a
day.
China & India convert energy into wealth (BTUs per $1.00 of GNP)
at only about 25% the efficiency of the USA or European Community
This projection from the U.S. Energy Information Administration shows
that China’s energy consumption could nearly double in the next twenty
years, and virtually all of this new energy will come from coal.