Oil: Updates -- Note PM's Official Visit to China & Aftermath

This is an update to what was posted earlier today.



The dragon’s thirst for Canadian oil -- Canada is one of the most energy-rich countries in the world, while China needs greater amounts of energy to sustain its growing economy. By Wenran Jiang for The Jamestown Foundation, 25 May 2005, International Security Network

Note: The following is at the bottom of the webpage.

Wenran Jiang is associate professor of political science at the University of Alberta. As a member of the Canada-China Strategic Working Group, he has organized two large bilateral energy conferences for Foreign Affairs and International Trade Canada since last November. This article reflects only his personal views.

This article originally appeared in China Brief, published by The Jamestown Foundation in Washington, DC., at (www.Jamestown.org). The Jamestown Foundation is an independent, nonpartisan organization supported by tax-deductible contributions from corporations, foundations, and individuals.

Printed from http://www.isn.ethz.ch/news/sw/details.cfm?id=11350

Online version provided by the International Relations and Security Network

A public service run by the Center for Security Studies at ETH Zurich

What follows is an excerpt from the article. NJC

April marked a small leap forward in China's energy relations with Canada. China National Offshore Oil Corp. (CNOOC) put down US$150 million for a one-sixth stake in MEG Energy Corp., an upstart oil sands company. This is China's first major investment in Canada's vast oil sands industry. Two days later, PetroChina International Co. Ltd. signed a memorandum of understanding with Canada's giant pipeline company Enbridge Inc., promising cooperation in the $2.5 billion Gateway pipeline from Alberta to the West Coast that may supply China with 200,000 barrels of crude a day once completed. China's large energy corporations are predicting more such deals but at a "much bigger" scale. These developments followed the first official visit by Canadian Prime Minister Paul Martin to China last January. [. . . . ]

Search: assume [. . . .] after each.

Much thunder, little rain in past efforts (and " two Canadian CANDU 6 nuclear reactors in Qinshan ")
Canada huge oil sands catch China’s attention
Canada comes into play with new initiatives
Real business movement
Looking to the future
The NAFTA hindrance
Broader strategic implications

Note: I have not read all these but, through sheer number, this webpage looks as though it leads to some interesting material. Each has a link on the webpage.

Crude awakening May 21, 2005, Globe and Mail

Saturday
Welcome to the age of scarcity
Supply: Are Saudi reserves drying up?
Demand: China's unquenchable thirst
Reguly: Deal junkie set to play trust consolidation game
Key to making money in oil is getting trend right
North-South energy links are growing ever tighter
Sustained high prices redraw Canada's economic map
How to grind the oil sands into a 'sausage factory'

Monday
Deep pockets buy into high tech
Startup aims to feast on the scraps

Tuesday
The great Caspian Sea adventure
Hot Spots: Six emerging frontiers

Wednesday
Needle edging closer to empty
Extreme engineering: pipeline edition

Thursday
Clean coal: Soot gets another look
Fuel cell: Juice for buses, and laptops?
Wind power: Taking energy from thin air
Auto industry steers course to trim the fat from vehicles
What's fuel cost? Depends on our wages

Diversion: check MEC: Magna Entertainment which, if you check the menu at the top, there is a lead to "xpressbet" on horse racing, which I presume is some kind of online gambling, among other things.

Is that still part of Frank Stronach's Magna or Magna International?

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