China's energy shortage will be gone by 2007; Russia will double oil in 06

[Gloria]

Heard the report this AM on China Radio Intl.

Have been eliminating small, polluting, inefficient generating stations...World's largest user of hydropower; increased use of wind, etc. Conservation.

and this on the CRI website:

Russia to Double Oil Deliveries to China in 2006
2005-12-30 16:53:46 CRIENGLISH.com
Russian state-owned oil company Rosneft plans to double its oil deliveries to China, the company said Thursday.

Rosneft said it had already delivered 4.4 million metric tons of oil to China since it started operations to the neighboring country, the world's biggest crude consumer, in February 2005.

"Deliveries will in 2006 double," the company said.

Rosneft runs its oil deliveries through the Caspian pipeline consortium of Chechen oil company Grozneftegaz, Yuganskneftegaz, a former Yukos subsidiary now owned by Rosneft, and subsidiary Purneftegaz. Since November 2005, it has delivered crude oil from the Sakhalin-I oil and gas project off Russia's Pacific coast to the Komsomolsky oil refinery in the Far East.

(Source: RIA Novosti)

Amazing....

[baldguy]

1. ...and US prices will go up another 60%

[Media_Lies_Daily]

2. China also recently signed a big deal to get oil from Iran.

[Gloria]

5. China also signed a deal to cooperate with India on energy

deals (amazing story in the WMW a couple of editions ago)

[Ezlivin]

3. I heard the news today, oh boy

The energy crisis will be back by 2008 and twice as bad.

The Chinese are living in interesting times.

[Skidmore]

4. ANd our fearless leader would not settle for negotiating for

some of the energy needs of the nation. He wants it all. Greedy bastards. We are stuck with the stink end of the stick now.