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chinadaily (chinadaily)
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New energy, China and US

David S. Bohigian, Assistant US Secretary of Commerce for Market Access and Complianceis is going to talk about new energy and other issues to China Daily in an exclusive interview in Beijing this week. He was in the Chinese capital to attend a forum on new energy, together with the CEOs of some 15 US firms focused on this field.

How can the two countries cooperate in new energy as well in traditional energy?
To what extent can new energy help reduce gas emissions?
Will China-US economic relations improve or deteriorate in the new year?
What should the two countries do to reduce trade surplus?
Should China allow a faster appreciation of its currency?
Will the US levy punitive tariff on imports from China if China failed to follow US demands on yuan revaluation?
Should the US lift the ban on high-tech exports to China?
What kind of cooperation should the two countries engage in product safety?
Should China diversify away from the greenback as regard to its huge pileup of foreign exchange holdings?
what should the two countries, main drivers of the global economy, do to propel the growth of world economy?

Please share with us whatever you want to say about new energy, traditional energy, or the economic ties between the two countries.

You are also invited to submit your questions to Mr. Bohigian.

2008-1-7 09:30 AM

arthur (arthur)
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This year is Bush's last year in office, and hurt by the sumprime mortgage crisis, American economy is poised to go into stagnation, if not recession or contraction.

The only remedy useful for the America economy is to devalue, vigorously, the U.S. Dollar (agaist all world's major currencies), and give a shot in the arm to America's export machine.

And, Fed's continuous lowering of the interest rates, to 2% or 1% will also helps America.

For China, inflationary pressure will build up, if Beijing does not control the run-away sky-rocketing assets prices, the housing and stock shares, especially. RMB yuan should rise in value, too, in another big one-off hike at the earliest, the better choice.

2008-1-7 09:47 AM

arthur (arthur)
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But China has greater growing potential in 2008 and 2009.

The government has a big surplus in its coffers, so it just needs to increase investment in high-speed railways, more expressways crisscrossing the big country, and more houses for the urban poor and the migrant farmers living in the city, its GDP will keep going up.

2008-1-7 09:52 AM

tongluren (tongluren)
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Catch That Supercycle

All Western economies come in cycles. Much of it is psychological. What the market says is, is. The next couple of years probably presents, short term, the last remaining window to get LOTS (and I mean LOTS) of foreign capital into floating Chinese companies, while the valuation is hot.

Much more should be done to bring more Chinese companies public, and to get in foreign investments while the valuation is there.

There is no such thing as "trade imbalance." The West did not talk about trade imbalance when they were the ones having the export surplus. Natural competition was what brought about the export surplus - Chinese goods are better and more economical, and the losers are whining. If they erect protective measures, that should be met dollar for dollar.

2008-1-7 10:00 AM

arthur (arthur)
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tongluren, I agree with you that there is no "trade imbalance", ll

2008-1-7 10:54 AM

rogergao
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It is a good topic.
Shamed to say that i know little about economy and nothing on economic strategy.
But,in my opinion,it is an inevitable course of our country's economy market.
So,just have faith in our government.

2008-1-8 09:50 PM

nickdony
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rpy

QUOTE:

Originally posted by arthur at 2008-1-7 09:52
But China has greater growing potential in 2008 and 2009.

The government has a big surplus in its coffers, so it just needs to increase investment in high-speed railways, more expressways cris ...

a wonderful commentary.

2008-1-8 10:33 PM

visitor93
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It's just another mission to sell the US to China, and to win big deals. The US is the biggest consumer of petroleum in the world. If it has clean and new energy technologies, it should apply them first on its own soil.

Why did it start Iraq wars? It's its oil - the traditional and conventional energy.

The assistant secretary's real purpose of the trip is to sell its so called technologies to China, and bring home huge amount of hard currency, with which it could buy more conventional energy -- OIL.

2008-1-9 03:45 PM

oilman
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cooperation is the only way to forge ahead

We allways believe that the best way to develop is to struggle by ourselves as well as cooperation. This theory could be applied to most realms such as information technology, biotechnology, etc, but not to energy industry especially the traditional energy- oil and gas.

I hold this notion because oil and gas are going to be used out one day within 50-100 years. We cannot lie our hope on the inefficient research of our scientists. I am studying in the university now and my professors take lots of research subjects. I know clearly about the low technical level. It allways takes many years to develop a new technology which can accelerate the whole industry. Can we chinese wait that long time? Maybe there would be no resources when we find a new method to exploit it.

So, cooperation is the way we must go. Our purpose is to get advanced technologies and enough oil resourses all over the wold.

2008-1-13 01:52 PM

noah_scape
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China should go ahead of the USA in new energy that does not contribute to global warming, but does China really need USA high-tech imports to do that?

Solar and wind powered electrical generation is well within China's knowledge and capability, isn't it?

America [and Canada] are the main holdouts on emissions reductions targets, and they both say that China [and India] must also adapt lower emissions targets in order for America to adapt those targets. It would be great for the world and a slap in the western faces if China reduced emissions before America does.

Coal-fired electrical power is contributing too much to global warming.

2008-1-23 08:30 AM

#10

gavin35
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Oil and gas in Russia

b]Take a look at this Oil and Gas Company  operating in  Russia

Aladdin Oil & Gas Company ASA is a Norwegian based exploration and production company, head quartered in Oslo, with its shares traded on the OTC list under the ticker code AOGC. The company owns the Russian oil company OOO Geotechnologia which holds two licenses in the Timan-Pechora province in Northwest Russia, as well as the company ZAO Orneftegaz in the Orenburg area. The company has around 80 employees and is planning an Oslo Axess listing during the second quarter of 2008.

Home site : http://www.aog.no/default.aspx

Latest news : Aladdin signs gas sales deal with Gazprom

Oslo-listed Aladdin Oil & Gas said it had accepted an offer from a Gazprom subsidiary to buy all its gas production from the Middle Sedolskoye, in the Timan-Pechora region.

The Gazprom unit, Komi Regiongas, is to carry out the transaction and a final agreement is to be signed “as soon as possible.” Sales and production are expected to begin in June.

Aladdin’s CEO, for Aladdin and further strengthens our position as an operator in Russia.” The statement said Espen Glende, said co-operation with the Gazprom subsidiary “represents another milestone  preparations for commercial gas production was on track.

The Norwegian company said it has invited offers for gas production equipment.

Aladdin Oil&Gas : Oil reserves

RESERVES/ RESOURCES/POTENTIAL OOO Geotechnologia/Orneftegaz

Lincense: Certified reserves/resources:

Middle Seldolskoye    3,6 MMBBL + 12 BCF Gas (2P)
   23,1 MMBBL + 41 BCF Gas (3P)
   578 MMBL (Resource potential)

West Ukhtinskoya    17,9 MMBBL (2P)
   37,3 MMBBL (3P)
   87 MMBBL (Resource potential)

Bogdanovskaya    13 MMBBL * (2P)
   21 MMBBL * (3P)
   10 MMBBL * (Risked resources)

2008-1-27 04:45 AM

#11

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