Friday, May 23, 2014

China looking more like USA every day. Seeking oil and creating "terrorists." : "The toll from the deadly blasts at a morning market in Urumqi was likely to rise, state media said, as outrage over the worst attack in a recent terror wave threatened to exacerbate ethnic divisions in China’s troubled far-western region of Xinjiang."

Wednesday, May 21, 2014

China copies USA, hordes oil. #peakoil #collapse

Telegraph: "China is stockpiling oil for its strategic petroleum reserve at a record pace, intervening on a scale large enough to send a powerful pulse through the world crude market.
The move comes as tensions mount in the South China Sea, and the West prepares possible oil sanctions against Russia over the crisis in Eastern Ukraine. Analysts believe China is quietly building up buffers against a possible spike in oil prices or disruptions in supply."

Monday, May 12, 2014

Oil running out, either cut back, or expect more war

The Washington Post: "A showdown between Chinese and Vietnamese ships near the Paracel Islands has put a spotlight on long-standing and bitter maritime disputes. The stakes are high, with Beijing claiming sovereignty over much of the strategically important waters — among the world’s busiest transport lanes and believed to contain significant oil and gas reserves."

Friday, May 9, 2014

High-speed rail link delay highlights need for MTR management shake-up

South China Morning Post: "The announcement led transport chief Anthony Cheung Bing-leung to say he had "over-trusted" the corporation's progress reports and to pledge more supervision. He joined activists and politicians in saying that the government - which owns a 77 per cent stake - should take more control of the company. Some suggested the government should take back full ownership of the corporation."

Wednesday, May 7, 2014

Demand for energy the cause of pain in Xinjiang

Insight - In China's Xinjiang, economic divide seen fuelling ethnic unrest | Reuters: "Resource-rich and strategically located on the borders of central Asia, Xinjiang is key to China's growing energy needs.

Estimates put Xinjiang's coal reserves at about 38 percent of the national total, while it already produces 13 of China's crude oil output and 30 percent of the country's natural gas.

..."China would like this to be an issue of separatism," the scholar said. "You can roll a tank in to solve a separatist issue. How do you ask the Chinese government to solve this kind of policy grievance without fundamentally reforming itself? It can't happen.""