by CNN Money, May 21, 2017 in GWPF
The fuel-hungry country has been pursuing the energy source, located at the bottom of oceans and in polar regions, for nearly two decades. China’s minister of land and resources, Jiang Daming, said Thursday that the successful collection of the frozen fuel was “a major breakthrough that may lead to a global energy revolution,” according to state media.
Experts agree that flammable ice could be a game changer for the energy industry, similar to the U.S. shale boom. But they caution that big barriers — both technological and environmental — need to be cleared to build an industry around the frozen fuel, which is also known as gas hydrate.
by Melanie Hart et al., May 15, 2017
The United States has a broader array of energy options than China does. However, China is innovating and investing heavily in what it has, and some of the transformations it is achieving already are truly impressive.
China’s leaders have made a strategic choice about the direction of the country: They are aiming to shift from an economy based on heavy, polluting industries to one driven by technology and innovation. The political will for this upgrade has roots in both international geostrategic ambitions and domestic popular grievances about lagging standards of living—and it is beginning to bear fruit. In the process, however, vested interests and technical stumbling blocks have wasted resources and acted as a ballast against Chinese progress. China has the potential to do much more, and the international community should push it to achieve that potential.
by Ivana Kottasová, CNN Money, May 11, 2017
OPEC said that one producer in particular is to blame: The U.S., where shale producers have continued to ramp up their drilling despite lower crude prices.
by J. W. Rosen, National Geographic, May 10, 2017
New coal plants in Africa are largely being paid for by China and developed countries that are turning away from the technology at home.
by Olivier Appert, Président du Conseil Français de l’Energie
in Connaissance des Energies, 10 mai 2017
Depuis la découverte du colonel Drake en 1859, le pétrole a joué de façon continue un rôle majeur dans la politique économique américaine et sur le plan international, il a été un outil clé du leadership américain. Au fil du temps, cette politique a dû composer avec une modification des rapports de force sur le marché pétrolier. La révolution récente des hydrocarbures non conventionnels a été un game changer majeur. Au fond, la politique pétrolière du nouveau président américain n’est qu’un retour aux sources.