Don't know about you, but I've anticipated the day that Obama would speak to the issue of shale gas and now he has.

"The two Presidents announced the launch of a new U.S.-China Shale Gas Resource Initiative. Under the Initiative, the U.S. and China will use experience gained in the United States to assess China’s shale gas potential, promote environmentally-sustainable development of shale gas resources, conduct joint technical studies to accelerate development of shale gas resources in China, and promote shale gas investment in China through the U.S.-China Oil and Gas Industry Forum, study tours, and workshops."

My thoughts...
I find it interesting that the President is now the spokesman for private E&P firms in China, offering this technology up, as if Chesapeake or other firms couldn't sell the shale technology on their own. Of course, the government has delved into areas not seen since....maybe FDR, but I wasn't around then.

I think that this an opportunity to discuss why our government, our President isn't willing to broach topics like shale gas here in our own land, a land desperately in need of energy solutions. It appears to me that he is pushing premature energy sources while conceding sources such as nuclear and shale gas to our competitors, with the notion that "one nation's success shouldn't come at the expense of another nation." What?? I am so thankful that FDR and Truman didn't have this philosophy as they pursued the A-Bomb, that NASA didn't have this philosophy when we put a man on the moon, that Reagan didn't have this when he asked Gorby to tear down this wall. AND I don't think we should have this when it comes to energy technology which essentially is national security in this day & age.

Another issue, ancillary. is that we used to use our technology to uphold democratic regimes. I would much rather assist Eastern Europe in easing their dependence on Soviet (oops Russian) gas. We have wedded ourselves, and supposedly enriched ourselves, with China. I think we are likely to pay for this at a later date as China becomes emboldened by a weaker US.

Views: 33

Tags: China, Gas, Obama, Shale

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Comment by sesport on June 29, 2010 at 11:40pm
Awww, looky here. Kiss & make up.

http://news.yahoo.com/s/ap/20100629/ap_on_bi_ge/as_china_taiwan_tra...

How sweet. lol 80)
Comment by sesport on June 25, 2010 at 11:49am
Anybody still watching the back door? 80)
Comment by sesport on December 17, 2009 at 6:46pm
Yes, that's been in the works for awhile. I still contend that China doesn't fully trust Russia in light of it cutting off gas supplies earlier this year (or was is just last winter?) for unpaid bills. China wants to produce it's own gas to address rapidly increasing energy needs. As of yet, I can't determine how they feel about US gas sanctions against Iran as that also impacts them.

Recently read that Russia is cool with US sanctions against Iran,though. In fact just last month they delayed cranking up Iran's npp. Could they be ambivalent about China's energy needs being supplied by Iran?

Well, China just called off the face-to-face meeting of 6 scheduled to discuss Iran on the 22nd, but the meeting will go on using some of that there fancy hi teck-noll-o-gee stuff.

http://en.rian.ru/world/20091215/157243454.html

The saga of the love/hate triangle continues. N. Korea still needs to be addressed. 80)
Comment by essay on December 17, 2009 at 6:02pm
Comment by sesport on December 15, 2009 at 4:35am
Update: see "Gorillas In The Mist," when studying gorillas, one must be vewy, vewy qwiet and watch for signs of their habits. lol

On another note, Taiwan oopsie. A couple of guys were caught in a Bangkok refueling stop carrying arms from Taiwan destined for the ME ... the tip to Bangkok authorities came from US sources.

What color would you say the security level is at presently? 80)
Comment by sesport on December 10, 2009 at 10:20pm
Comment by sesport on December 10, 2009 at 10:19pm
China may be relying on exports, but there lingers several investigatons into dumping, too. (steel, bricks, to name a few) Their consumerism is also fueled by the US, even as they object, in light of the US allegations, that the claims of dumping are fueled by protectionism. My foot ...

http://www.export.gov/china/chinapulse/index.asp

We are waayyyyy past just having a foot in the door, we're going for the full meal and probably dessert.

80)
Comment by essay on December 10, 2009 at 10:05pm
since you seem to be inept at googling let me help you out, surely things are all rainbows and unicorns in china since even the nytimes says so
Comment by essay on December 10, 2009 at 9:15pm
hey john check this out. http://www.drorism.com/blog/2009/12/china-greenback-paper-tiger.html

"One of the most popular memes repeated by mainstream media since the collapse of Lehman Brothers last year is the idea that China will manage to avoid the consequences economic downturn by shifting from an export-based economy to one based on local consumption."

or maybe

http://www.bjreview.com.cn/report/txt/2009-11/16/content_229841.htm

i could go on and on. of course if you believe everything the chinese government says everything is perfectly fine and there's no reason to even be talking about this.
Comment by essay on December 10, 2009 at 8:57pm
you're really bad at this. that link is almost two years old.

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