Going Green

Tuesday, June 3, 2008

Niger Plus China Equals Oil

China is hungry for energy in all of its forms. This is a two-edged sword for the world. If China cannot get the energy that it needs from peaceful means, there is incentive to take it by force. If China gets the energy that it needs, with its population and size of economy, it will dominate the world scene. If you were their neighbor wouldn't you be nervous? This world is pretty small. I think we're all their neighbor.

Niger set to become oil producer

China will invest $5bn (£2.5bn) over the next three years to develop oil production in Niger.

State-owned China National Petroleum Corp (CNPC) is expected to produce the country's first barrel of oil in 2009.

Under the agreement, CNPC will build a 2000-km pipeline and a refinery with a capacity of 20,000 barrels a day.

The investment in...(complete article here).

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