Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on March 14, 2013 at 4:33

The Chinese in question may have government backing but they are a corporation.  Making investment in LNG fueling facilities just as the US corporations mentioned in the article.  China is further along with their domestic LNG infrastructure so they have bought into the potential benefits.  From the article it appears that Chinese corporations also like solar. China will need to grow its future energy supplies in all categories to continue growing its economy.

• ▶ Reply

Permalink Reply by 1kw6x71km1v37 on March 14, 2013 at 6:24

ENN Group is a privately held Chinese company. China is a nation that stays on the edge of social revolution.  The entire Chinese economy is a shell game based on insufficiently collateralized  loans. The United States is the safest place in the world to invest money. Even Chinese state owned companies invest heavily here. Witness Sinopec, the Chinese oil company and it's heavy inveerstments in the Tuscaloosa, Eagle Ford and Utica shale plays. No doubt the Chinese want to rip off the shale drilling technology for their own use, but the primary driver appears to be long term investment stability, which is woefully absent in China.

Parphrasing Warren Buffet, "It's hard to short America in the long run."

http://www.telegraph.co.uk/finance/comment/tom-stevenson/9090575/It...

• ▶ Reply

Permalink Reply by Clyde T. Williams on March 19, 2013 at 11:27

1.  There is no really private company of more than $1Mil in China because of BkOfChina controls the money and foreign exchange

2.  PRC companies like to keep their money outside of PRC because the BkOfChina is 100x more invasive than the FED/IRS/INC..... all put together and there is NO REFUSAL too comply

3.  Many years ago...amercian manufacturers banned all chinese trade delegations from factory floors and some would NOT MEET within their premise --- industrial espionage

4.  By buying/joining american companies they can get access to trade organizations, jobs requirements, prospective employees and transfer tech as they are doing NOW with fracking, geophysics, geochem, and all things CNG and LNG - then they form a company here and then go back to China as foreign based company speaking Mandarin and bidding...along with loose-lipped american consultants....

Welcome to the Market Places

 

• ▶ Reply

Permalink Reply by Hopeful About Natural Gas on March 20, 2013 at 8:42

Check out this new National Geographic story about natgas in trucks!!!

http://news.nationalgeographic.com/news/energy/2013/03/130318-natur...

• ▶ Reply

Permalink Reply by JHH on March 20, 2013 at 9:16

Maybe the Chinese are re-defining "capitalism"?

• ▶ Reply

Permalink Reply by Clyde T. Williams on March 20, 2013 at 10:03

Some of us remember national socialism of the 1930s-40s and some us have worked in the MidEast with "capitalistic companies" - the Chinese redefined capitalism in 1985 after my wife left and we got married. But it is still all about $$$ and how much you keep away from the Bank of China (=IRS) not make...I have done several projects in China, and it is not only national socialism, but also state-, county-, and city-socialism -

Remember that ALL surface and subsurface property/grant rights belong to the Crown, as in the Louisiana Purchase and the annexed Spanish/Mexican territories....

PRC has a basic problem - HUGE NEEDS for refineries and pipelines - no space for making and moving diesel in the volumes they are needing NOW and in the near future...

if they can get methane from the NGL separator from each field to fuel trucks that is a lot easier than refining oil and delivering liguids....for trucks, buses, and rails.

I believe also they are after an export pipeline thru Korea (yeah both, or via sea pipeline to south) to the south tip of RoK then sea pipeline to Japan - BIG market is there NOW and generates ForEx

Tom 

 

• ▶ Reply

Permalink Reply by JHH on March 20, 2013 at 11:43

Thanks Mr. Williams for your reminder of complex world issues.   I also remember a lot of U.S. energy companies... many independents...  losing everything in the Middle East when the countries nationalized the oil fields.  Many of them are our "friends" today.

• ▶ Reply

Permalink Reply by Clyde T. Williams on March 20, 2013 at 11:55

JHH

Been there, done those, don't we ever learn, would like to go back... 

But I am retired and don't have to kick the ball around anymore...But even now my Kenya, Syria, UAE, Oman, India, Afganistan, Indonesia. Malaysia, China, ....... aren't there anymore - still come back to Lafayette sometime and NuOrleans when I can find a temp of <60degrees....but its different from the late 1950s

Tom

• ▶ Reply