China's Petrol Security Challenges and Alternatives
——based in Oil Global Supply and Demand （Sep 3, 2011）from Professor Albert Kwong
Essential oil is the many indispensable and significant strategic strength in international society at present. During earlier times two decades, the condition of essential oil supply and demand has generally drawn the attention from around the globe. China, turning from petrol self-sufficiency to the world's second largest oil consuming countries, is today faced with a massive demand gap. Oil security problems are very serious to become ignored. This essay evaluates the world essential oil situation and China's oil system, aiming at providing effective recommendations and solutions to those security concerns.
Petrol demand, petrol supply, olive oil security, solutions
1 . Intro
In the evening of Sept 3rd, 2011, Professor Albert Kwong, the Vice Chief and Main Operating Officer of Petro Asian Strength Holdings Limited, gave all of us a address on the world's oil supply and require. Professor's great presentation and deep evaluation not only jam-packed me with general but clear understanding of the planet's oil circumstance, but also raised my interest. Like a Chinese who also always cares about the development of his motherland, I used to be really eager to get to know what important role essential oil has been playing in China's political and economical advancement, what petrol supply and demand situation China is facing, what complications exist in China's present oil security system and how to fix those problems. With the desire in mind, We read a whole lot of relevant papers and looked for the latest data online. What follows is a brief summary of what I learnt and my change proposals to China's petrol security system.
installment payments on your The status quo and development trend of community oil
installment payments on your 1 Scenario of world oil source
The planet's oil includes a rich resource and a fantastic development potential, which can ensure long-term steady supply. At present there is a hold of 1. 15 trillion barrels of olive oil. Based on current production rate, oil source can last for about 41years. From global perspective, oil creation growth is definitely higher than olive oil demand growth, which the past is 3. 8% as well as the latter is 2 . 1%. Although before five years, the planet's proven oil reserve offers maintained a great upward tendency, wars and conflicts regarding oil became more serious than previously because it is very clear that the circulation of globe oil is extremely uneven. In respect to figures, 38% worldwide oil arrange is allocated in the Middle East; 17. 3% and 16. 5% is located in the former Soviet Union and North America correspondingly; and Europe's reserve is less than 4%. During the nest 20years, growth in oil source will largely depend on Middle section East, Central Asia, South usa, North The african continent and other several regions. One of them, Middle East holds 121. 26billion a lot of oil in reserve, accounting for 69. 3% of total community oil arrange, which means the dependence of world olive oil supply on Middle East supplies, will probably be further deepened in the near future. several. 2 Scenario of globe oil require
During the 20years from 85 to 2005, the average twelve-monthly growth charge of globe oil demand was about 1 ) 7%. In 2004, speed of world economic advancement brought the speed to 4%. Among the total growth of olive oil consumption, the European essential oil consumption experienced a slower downward pattern with the North American oil ingestion a gradual upward pattern; Asia-pacific locations, on the contrary, skilled a surge in oil ingestion, which accounted for 66% of the total development. According to International Strength Agency's prediction, world oil consumption will grow in a speed of 1. 98% in the next 20 years, which is above the average degree of last 20 years. By 2020, world petrol consumption will certainly reach a few. 183 billion dollars tons.
Based on the above mentioned analysis of world essential oil supply and demand, potential capacity of world petrol supply has become rising. The so-called " oil depletion” is actually a concern of certain categories of people regarding the...