Tuesday, April 04, 2006

"Ooh, that looks like a festering powerhouse of poison. We'll take 50" - China sorts out its energy policy


While capitalists are fighting wars to push up oil share prices, China has been busy ensuring securing strategic energy deals so it will have enough kilowatts to light its homes and manufacture plastic cocktail monkeys (and the like) for the West.
Yesterday it signed a deal with Australia to supply enough radioactive raw material to feed 50 - yes 50 - new nuclear reactors it plans to build across China.
The Chinese safety record for industrial accidents is one of the worst in the world.
China has also opened a giant new oil gateway from Kazakhstan.
If you thought Kazakhstan just had a silly name, think again. The country, which has just 15 million people but a landmass the size of Europe, is already one of the top 20 world oil suppliers. But massive reserves around the Caspian Sea and inward investment mean its output will treble within 5 years and soon it could be in the top 5 producers - or even higher.
With Russia on one side and China on the other, this is another key energy pawn that every major player will soon want a piece of.
Which is why Kazakhstan already has also become the "Las Vegas" of China, with multi-million dollar casino complexes lining the streets of its capital.

1 Comments:

Anonymous Anonymous said...

Thats the rest of the world fucked then. Damn. Why do I keep buying those plastic monkeys?

April 04, 2006  

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