Oil to hit $400 a barrel by 2018

Posted by Matt in June 5th, 2008

“The big story is productivity in China,” he asserts, noting it is an incredible 9%, or three times the level of productivity in the US during its 1990s peak. Admiral Owens attributes this to the country’s high-quality infrastructure. It will allow the Chinese economy to soon become the second-largest in the world, with a GDP big enough to justify comparison with the US.

That in turn means demand for energy will see oil prices reach $400 a barrel by 2018, he argues. This is not only because of demand in China, India and elsewhere, but because of the nationalisation of oil fields in countries such as Russia, Venezuela and in the Caucasus. And energy efficiency in China is not very high.

YouTube Related Videos for Tags: china, oil

	Official: ‘Severe Threat’ From China Oil Spill China’s largest reported oil spill emptied beaches along the Yellow Sea as its size doubled Wednesday, while cleanup efforts included straw mats and frazzled workers with little more than rubber gloves. (July 21) Tags: china_pipeline_explosion
	Oil deals smooth China-Venezuela trade ties – 12 Aug 09 China imports the bulk of its oil from the Middle East, Asia-Pacific and Africa. But the quest to secure energy resources to feed its ever-growing economy has also started to benefit Latin America, particularly Venezuela where Chinese investment has increased 50-fold in the past decade. Al Jazeera’s Dima Khatib reports from Caracas. Tags: Caracas, Venezuela, Americas, Hugo, Chavez, China, Oil, Economy, America, Beijing, Deal
	China Oil Spill disaster spreads wide after pipeline blast Cleanup efforts on China’s largest reported oil spill progressing, but the environmental and economic damage is clear. The cleanup continues over a 165 square mile (430 square kilometer) stretch of the Yellow Sea off the northeastern city of Dalian, one of China’s major ports and strategic oil reserve sites. China National Petroleum Corporation says the pipeline that exploded and caused the oil spill last Friday had resumed operations. The blast had reduced oil shipments from part of China’s strategic oil reserves to the rest of the country. The cause of the explosion that started the spill is still not clear. Tags: RT, oil spill China, environmental disaster, contaminated water, Dalian, pipeline blast, coast, crude oil, Chenese clean up oil
	Allidina Sees Crude Oil, Corn Prices Moving Higher: Video Aug. 31 (Bloomberg) — Hussein Allidina, head of commodities research at Morgan Stanley, discusses the outlook for crude oil, wheat and corn prices. Allidina talks with Scarlet Fu on Bloomberg Television’s “InBusiness.” (Source: Bloomberg) Tags: Allidina, Sees, Crude, Oil, Corn, Prices, Moving, Higher:, Video, Agricultural, Markets, Agriculture, All, Media, Asia, ex., Japan, Australia, Pacific, Rim, Audio, Visual, Bloomberg, China, Commodities, Inventories, ex-Energy, Commonwealth, of, Ind, States, Eastern, Europe
	Global Pulse- Darfur and China- Oil vs. Genocide More: linktv.org (May 30, 2007) President Bush condemns Sudan’s genocide in Darfur, and Amnesty International says China provides weapons of mass murder. But China, fueling its economic expansion on Sudanese oil, reports the news differently than western sources. For more episodes and other Link TV programs: www.linktv.org Sources: CCTV9 and Asia Today, China; Al Jazeera English, Qatar; TV5, France; NBC News, ABC News and FOX News, US Tags: linktv, globalpulse, Sudan, Darfur, China, oil, genocide
	China battles Yellow Sea oil spill Chinese authorities struggling to contain the environmental and economic damage of a major oil spill in the Yellow sea which began last Friday. The pipeline has now been repaired, but the cause of the explosion that ruptured it is unknown. Al Jazeera’s Tony Birtley reports from Dalian. (July 23, 2010) Tags: asia-pacificnews, china, dalian, oil, spill, cleanup, environmental, economic, damage, tony, birtley, aljazeera
	Oil Wars: China’s Influence on the US Economy pt. 1 of 5 An excellent and informative series on how China is influencing many countries, including the US, to fulfill their increasing need for oil Tags: oil, China, US, Bush, Africa, agreement, pipeline, third, world, manufacturing
	China’s oil push CNOOC, China’s largest offshore oil producer, in coming on-shore, investing $3 billion dollars in an oil refinery as domestic prices rise. Tags: REUTERS, ASIA, COMPANYASIA
	Iraq and China sign oil deal – 13 Nov 2008 Iraq and China have agreed to a $3 billion deal to develop an oil field south of Iraq’s capital, Baghdad. Discussions stem from Saddam Hussein’s era, but were halted after the 2003 US-led invasion of Iraq. As security improves, Iraq is trying to court foreign oil companies to help increase its output. Al Jazeera’s Nicole Johnston has more. Tags: aljazeera, al, jazeera, nicole, johnston, shell, china, iraq, baghdad, war, in, saddam, hussein
	Puru Saxena China & Peak Oil CNBC interview with Puru Saxena (CEO of Puru Saxena Wealth Management) on 26th April, 2010 regarding “China & Peak Oil”. Tags: Puru, Saxena, China, Peak, Oil
	Oil Wars: China’s Influence on the US Economy pt. 2 of 5 An excellent and informative series on how China is influencing many countries, including the US, to fulfill their increasing need for oil Tags: oil, China, US, Bush, Africa, agreement, pipeline, third, world, manufacturing
	Oil Wars: China’s Influence on the US Economy pt. 5 of 5 An excellent and informative series on how China is influencing many countries, including the US, to fulfill their increasing need for oil Tags: oil, China, US, Bush, Africa, agreement, pipeline, third, world, manufacturing
	Boone Pickens on Oil & China He made billions in oil and natural gas in the US and now Boone Pickens, BP Capital CEO sets his sights on China, with CNBC’s Becky Quick Tags: pickens, peak, oil, china
	US-China Conflicts over Darfur Oil (3.2009) This video is made for non-profit fair use for the purposes such as education, research, criticism, comments, and news reporting. The use of some sections in this video have obtained the permission directly from the copyright owners, others are intended to be protected under the Section 107 of the Copyright Act 1976 in the United States. Tags: US, China, Darfur, Sudan, Oil, Energy, conflicts, ICC
	CHINA OIL SPILL! OIL PIPE LINES EXPLODE NOT KNOWN WHY JULY 19 2010 REPORT PLEASE IF YOU REPSOND WITH COMMENT PLEASE NO PROFANITY THANK YOU! eeGadS!!! ANOTHER OIL SPILL? OUR POOR EARTH! WHAT IS UP W/ALL THE OILS SPILLS? OK NOV 09 BRONX RIVER GETS OILS SPILL FLOWING INTO THAT RIVER JAN 6 201CHINA BROKEN PIPELINE FLOWS OIL INTO YELLOW RIVER, www.youtube.com FEB 25 200 ITALY DECLARES THAT A CRIMINAL ACT OF ENVIRONMENTAL TERRORISM WAS DONE WHEN MILIONS OF LITERS OF OIL SPILLED INTO THEIR MAIN RIVER THAT GOES TO IRRIGATION SYSTEM . www.youtube.com sEEMS LIKE IN 07 THERE WERE SPURTS OF OILS SPILLS. SAD POOR ENVIRONMENT ALL OVER THE PLACE. THIS IS CRAZY! TOO CLOSE TOGETHER SEEMS LIKE.CHINA PIPELINES EXPLODE REASON NOT KNOWN WHY IT BLEW UP…2000 FIREFIGHTERS WORKED TO KILL THE FLAMES SEE THE VIDEO BUT VIDEO HAS NO SOUND SORRY THAT IS THEY WAY IT WAS GIVEN ON THE… Tags: CHINA OIL SPILL, OIL SPILL, YELLOW SEA OIL SPILL, CRUDE OIL SPILL, CHINA OIL PIPELINES EXPLODE, OIL, ENDTIMES, WORMWOOD, NEW WORLD ORDER
	CHINA VS THE US: THE BATTLE FOR OIL (1/7) BATTLE FOR OIL investigates the new world geopolitics that is emerging around the needs of both the world’s leading superpower and the world’s fastest growing economy to secure future supplies of oil. Tags: China, Chinese, 华人中国大陆香港澳门台湾USA, America, Oil, Power
	Russia-China oil deal “political”?! – RT 091013 Although the discussion around the new gas deal between Russia and China has focused on economic benefits, Derek Scissors of the Washington-based “Heritage Foundation” says that the history of the relationship shows that Russia’s interests are still primarily politica In China gas deal. Tags: Russia, China, gas, deal, US
	China Pipeline Explosion Oil Spill Doubles In Size China’s worst reported oil spill has more than doubled in size to at least 165 square miles, forcing nearby beaches to close. This is another part of the “Blood Prophecy.” Tags: China, oilspill, 2010, bloodprophecy
	China vs the US – The Battle for Oil – Part 3-5 2007 Documentary Chinas sky-rocketing growth and shortage of sufficient resources is forcing China to set its sights outside its borders in a frantic search for oil, but the major oil-producing countries are kept off-limits by the United States, forcing China to do business with the rogue states, African dictatorships, Iran and former Russian states – to get the oil they desperately need. Featuring field encounters, archival footage, news reports and maps to outline the latest threat in world geopolitics. Tags: china, vs, us, usa, america, battle, for, oil, iraq, afghanistan, pipeline, african, dictatorship, iran, russia, world, geopolotics, news, rogue, states
	China vs the US – The Battle For Oil More infos at 4oil.blogspot.com Tags: china, us, yuan, oil, crude, gas, OPEC