The Mix: China's Growing Energy Use

Rob Sobhani, CEO of Caspian Energy Consulting, says we should be concerned about energy policy here in the United States instead of worrying about China, and that politicians need to wake up and allow markets to create energy innovations. He says that by developing resources here in the U.S., including shale oil, Americans can control their own energy destiny, and Chinese policies won't affect us. He also believes that solar energy is more easily developed than many people think, making it a viable part of the future energy mix. Roger Ballentine, President of Green Strategies Inc., believes the benefits of domestic oil production are a misconception to Americans because we cannot impact global oil prices through expanded domestic drilling. He says if Americans put the same energy and resources they put into developing domestic fossil fuels into developing alternative energy, we can be immune to the global energy market and its price fluctuations. He believes extensive supplies of natural gas will spur generators to convert their coal-fired plants to combined-cycle plants that burn natural gas. Elliot Gue, Editor of The Energy Letter and The Energy Strategist, predicts an increase in Chinese oil consumption means higher prices for the entire world because fossil fuels will be the bedrock of world energy for the next three or four decades. He says alternatives will remain a very small part of the world energy mix. While India is building new coal-fired power plants, they are still cleaner than plants still in use in the U.S. after 30 or 40 years. He says a plentiful supply of natural gas will make it more difficult to develop renewables because suppliers will elect to use gas rather than switch to alternatives.

Category:

News & Politics

Tags:

• Caspian Energy Consulting
• China
• domestic oil production
• Elliot Gue
• energy policy
• Energy Politics
• Energy Strategist
• Green Strategies
• IEA
• Rob Sobhani
• Roger Ballentine
• Susan McGinnis
• energy
• now
• energynow
• energy now

[hojoleon]

bunch of white people talking something about an issue they no nothing about

[mycatisromeo]

Dang that girl is pretty and thick. Very nice!

[energyfinance]

What an utter lack of creativity.

Nothing said here would compel me to invest in any of these people.