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View Full Version : China gets it.


UKBB
09-28-2005, 09:45 AM
China looks at $24bn coal-to-oil plan as Beijing bets on oil price staying high (http://news.ft.com/cms/s/4252c38a-2ef4-11da-9aed-00000e2511c8.html)

China is gearing up for a massive investment in a homegrown fuel source to cut its growing reliance on imports - plants to turn coal into gas and oil.

High oil and gas prices have made the coal-to-liquids (CTL) technology increasingly attractive to China, which has abundant reserves of the traditional "black gold", but relatively diminishing reserves of other fuels.

UKBB <wondering what that will do to oil prices>

Bard
09-28-2005, 09:59 AM
This bright thinking in technology, is why, in part, that China is fast becoming the greatest world power in existance.

Few know that they are our bank.

We owe them billions, therefore they own us.

They have become the number one in trade worldwide as well, if I'm not mistaken.(perhaps except for the U.S.?)

Bad-ass army to boot.

Keep your eye on China, thay are the number one player to watch.