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China’s Rapid Growth Shifts the Geopolitics of Oil

New York Times -- The recession also precipitated a milestone for Saudi Arabia and the global energy market. While China’s successful economic policies paved the way for a quick rebound there, the recession caused a deeper slowdown in the United States, slashing oil consumption by 10 percent from its 2005-7 peak. As a result, Saudi Arabia exported more oil to China than to the United States last year.

While exports to the United States might rebound this year, in the long run the decline in American demand and the growing importance of China represent a fundamental shift in the geopolitics of oil.

The American talk about energy independence rankles Saudi officials, who maintain that the goal is unrealistic and could end up damaging energy markets by undermining investment now, thus leading to higher price

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Submitted Mar 19, 2010 By: fordmexico

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packards42 Champion Author Washington Posts:4,234 Points:716,195 Joined:Feb 2005	Message Posted: Mar 20, 2010 8:20:14 PM Ignore packards42 Report Abuse We defeated Russia economically first, Now in china take a lesson from that and their smart. we see them squeeze us next> Saudis have China furnishing 1/2 million workers all ready> more to come i am sure. The Chinese are teaching Arabic in their schools> [Edited by: packards42 at 3/20/2010 8:20:28 PM EST]
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Mar 20, 2010 12:15:57 PM Ignore honda0105 Report Abuse ronsimonil: try again. If nothing else, they hold most of the debt that the USA accrued abroad in their hot little hands. Not like they will go empty handed for a long while. Unless the Yuan is being forced to adjust to market fluctuations. That my friend is a whole 'nudda ball o' wax.
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Mar 20, 2010 12:14:52 PM Ignore honda0105 Report Abuse EVH: they have gotten there b/c Americans wanted cheaper and more throwaway. And that didn't sit well with those who were brought up to make quality products in the USA.
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Mar 20, 2010 12:13:59 PM Ignore honda0105 Report Abuse if the Chinese are smart, they'll find alternative fuels and find them FAST. Their investment into solar is a sign that they will be smarter than the behemoth of America.
ronsimonil All-Star Author Texas Posts:734 Points:157,975 Joined:Mar 2009	Message Posted: Mar 20, 2010 9:21:24 AM Ignore ronsimonil Report Abuse China's run will only last for awhile too.
EVH_1984 Champion Author Massachusetts Posts:1,011 Points:337,345 Joined:May 2008	Message Posted: Mar 20, 2010 2:47:59 AM Ignore EVH_1984 Report Abuse Damn China! GRRRR...... It is sad that they are going to become the next economic superpower.
MidNJ Champion Author New Jersey Posts:4,628 Points:739,595 Joined:Sep 2009	Message Posted: Mar 20, 2010 12:45:37 AM Ignore MidNJ Report Abuse unicornpmb, When you say, "What we don't use someone else will." I agree with you in part, but that leads us to the premise of greed, which can become "Consume now before someone else does". This is a lose lose game and we must alter our thinking.
Screwembak Champion Author Calgary Posts:14,629 Points:2,889,000 Joined:Dec 2003	Message Posted: Mar 20, 2010 12:41:00 AM Ignore Screwembak Report Abuse Wonder how much of that oil going to China ends up in products and transportation for those products to the WalMarts and Home Depots etc. in North America?
plastic Champion Author Virginia Posts:39,336 Points:2,374,955 Joined:May 2004	Message Posted: Mar 20, 2010 12:37:45 AM Ignore plastic Report Abuse Yeah, judgemobile, as much as Obama likes to think of himself as a Lincoln, he would fail at trying to keep the union together. In fact, he may even find himself to be President of The United States of DC. Then he can appoint himself as King of DC and kiss mirrors for the rest of his life.
vulcan96 Champion Author Ohio Posts:21,169 Points:2,639,595 Joined:Aug 2004	Message Posted: Mar 20, 2010 12:29:10 AM Ignore vulcan96 Report Abuse to bad the us does not have experienced/intelligent leaders ..!!
judgemobile Champion Author Ohio Posts:5,245 Points:1,983,145 Joined:Nov 2005	Message Posted: Mar 20, 2010 12:27:53 AM Ignore judgemobile Report Abuse tedjm1 for President-- and let's start the new Constitutional Convention Monday if those morons in Washington pass "O'Bummer Care". 37 states have already passed a SOVREIGNTY resolution. it takes 3/4 of the total states (or actually 38) to start a new country.
GasholeMI Champion Author Lansing Posts:7,773 Points:1,251,240 Joined:Jul 2008	Message Posted: Mar 20, 2010 12:21:12 AM Ignore GasholeMI Report Abuse tedjm1 does say it very well.
10k Champion Author North Carolina Posts:16,595 Points:1,787,870 Joined:May 2006	Message Posted: Mar 20, 2010 12:17:12 AM Ignore 10k Report Abuse amen tedjm1..well said..
tedjm1 Champion Author New York Posts:3,540 Points:389,685 Joined:Dec 2006	Message Posted: Mar 20, 2010 12:12:45 AM Ignore tedjm1 Report Abuse China is the coming thing. Economic growth is going great guns. China and India are 2 countries that will step over the U.S. The U.S. politicians (our leaders) do nothing for our country because they are too caught up in partisan politics. Maybe its time to have no parties, but people who honestly want to take our country to the heights it deserves.
unicornpmb Champion Author Buffalo Posts:6,117 Points:1,162,475 Joined:Sep 2005	Message Posted: Mar 20, 2010 12:11:32 AM Ignore unicornpmb Report Abuse What we don't use someone else will.
Gary65 Champion Author Toronto Posts:1,501 Points:511,655 Joined:Jan 2009	Message Posted: Mar 20, 2010 12:10:46 AM Ignore Gary65 Report Abuse For sure China not our friend. But I'm sure they'll take over eventually.
cincidap Champion Author Cincinnati Posts:3,575 Points:694,250 Joined:Sep 2006	Message Posted: Mar 20, 2010 12:08:46 AM Ignore cincidap Report Abuse China is not our friend, no matter what Bill Clinton said and no matter what George Bush or Barack Obama says.
Ltdc Champion Author Long Island Posts:4,908 Points:1,223,540 Joined:Jul 2007	Message Posted: Mar 20, 2010 12:08:03 AM Ignore Ltdc Report Abuse Get used to it. China will lead in a lot of things in the years to come.
Joeski1 Champion Author New Jersey Posts:6,765 Points:1,274,005 Joined:Dec 2004	Message Posted: Mar 20, 2010 12:07:10 AM Ignore Joeski1 Report Abuse China is the next industrial super power.
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Mar 20, 2010 12:06:55 AM Ignore CobraLeader Report Abuse ... caveat emptor ...
visitor_2 Champion Author Orlando Posts:1,023 Points:1,234,770 Joined:Aug 2006	Message Posted: Mar 20, 2010 12:04:16 AM Ignore visitor_2 Report Abuse China will be the next industrial super power
my3sons Champion Author New York Posts:4,455 Points:1,506,535 Joined:Aug 2005	Message Posted: Mar 20, 2010 12:03:35 AM Ignore my3sons Report Abuse those billion people want what we have here but without any environmental standards
GasitupJB Champion Author Columbia Posts:3,771 Points:572,255 Joined:Sep 2005	Message Posted: Mar 19, 2010 11:56:02 PM Ignore GasitupJB Report Abuse If the U.S. doesn't embrace Reagan-era growth policies SOON, China will become the major oil player to compete with OPEC instead of the U.S.
DrLyon Champion Author Michigan Posts:4,444 Points:752,060 Joined:May 2006	Message Posted: Mar 19, 2010 11:54:48 PM Ignore DrLyon Report Abuse Boy would our energy upset OPEC--Great!
zeddieiv Champion Author Columbia Posts:5,651 Points:1,490,920 Joined:Oct 2006	Message Posted: Mar 19, 2010 11:51:49 PM Ignore zeddieiv Report Abuse Charge THEM more
YLHandyman Champion Author Orange County Posts:5,008 Points:930,140 Joined:Feb 2008	Message Posted: Mar 19, 2010 11:42:13 PM Ignore YLHandyman Report Abuse The one with the money gets the products.
Buddy2264 Champion Author Tampa Posts:9,258 Points:1,893,540 Joined:Oct 2005	Message Posted: Mar 19, 2010 11:31:10 PM Ignore Buddy2264 Report Abuse They are going to sell the oil wherever they can as they want it converted to cash. Our choice is alternatives. In the end we will all move to alternatives and they can keep their oil. Conservation keeps your money in your pocket.
sillywagon Champion Author New York Posts:10,811 Points:1,004,000 Joined:Oct 2008	Message Posted: Mar 19, 2010 11:19:10 PM Ignore sillywagon Report Abuse What I have read and heard on the radio is that China's economic stimulus plan has been used for bridges to nowhere, invisible buildings because they have no tenants and little prospects of tenants, and gambling and speculating. China may get walloped financially because of that, and I don't know if a financially struggling China is a good thing or bad thing? So I wonder if China will be able to maintain its oil usage if it goes into a bad recession?
altima2008 Champion Author Philadelphia Posts:5,793 Points:1,272,305 Joined:Apr 2008	Message Posted: Mar 19, 2010 11:17:46 PM Ignore altima2008 Report Abuse China grows and the us well I won't finish the rest of that statement. We need a president who put the people that voted him in and cares about the economy first and foremost. The idiot that is in office now has no common sense and is in it for his own agenda! He keeps going the way hes going hes going to make george bush jr look like a saint!
must87searcher Champion Author Maryland Posts:6,665 Points:1,314,595 Joined:Apr 2008	Message Posted: Mar 19, 2010 11:15:33 PM Ignore must87searcher Report Abuse Don't forget, China is aware and has witnessed that nations, like the US, once they have a large producing and spending market, take a demand for fuel resources. For that reason, China can take the experience we have had here and know ways to aviod having the same problem we have had will reliaing on Saudi Arabia for Fuel. It is no surprice the China is going to need more fuel reaources, but can the US finally understand that it is about time to relia on their owns selves.
TIGERPAW46 Champion Author Florida Posts:5,158 Points:965,885 Joined:Mar 2004	Message Posted: Mar 19, 2010 11:13:29 PM Ignore TIGERPAW46 Report Abuse Of course they want to keep their income
Lukus Champion Author Halifax Posts:6,026 Points:1,216,610 Joined:Nov 2007	Message Posted: Mar 19, 2010 11:13:27 PM Ignore Lukus Report Abuse I read recently that China was in a export situation in their oil production.
Bartboro Champion Author Georgia Posts:1,040 Points:662,645 Joined:Sep 2008	Message Posted: Mar 19, 2010 11:11:31 PM Ignore Bartboro Report Abuse I would love to the US indendent of middle eastern oil if not altogether.
RedRam2005 Champion Author San Antonio Posts:5,696 Points:1,057,810 Joined:Dec 2007	Message Posted: Mar 19, 2010 11:07:57 PM Ignore RedRam2005 Report Abuse I hope the US does more than talk about energy independence. Saudi officials can go eat sand.
netman044 Champion Author Texas Posts:5,291 Points:894,410 Joined:Sep 2005	Message Posted: Mar 19, 2010 11:02:02 PM Ignore netman044 Report Abuse Energy independence is a pipe dream unless we develop practical ways to harness natural gas for auto fuel. I know the technology is already available but there is no race to develop the infrastructure to allow us to substitute lng or cng for gasoline.