Comments on: China’s Oil Stockpiling Suggests Fossil Fuel Dependency Unlikely to Decline http://blog.sustainablog.org/china%e2%80%99s-oil-stockpiling-suggests-fossil-fuel-dependency-unlikely-to-decline/ Blogging a Greener World Thu, 11 Mar 2010 15:04:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: John C. http://blog.sustainablog.org/china%e2%80%99s-oil-stockpiling-suggests-fossil-fuel-dependency-unlikely-to-decline/comment-page-1/#comment-107529 John C. Mon, 22 Feb 2010 20:39:56 +0000 http://sustainablog.org/?p=4288#comment-107529 " I wonder what they plan to do with that oil". Now, is that a dumb comment or what ? Why are you not wondering what they plan to do with the circa $ 700 Billion to $ 2 Trillion DOLLARS they are holding ? They could spend it, and if they spent it, it would relieve our financial problems in the USA. Now lets not get confused about this : that money is not only our debt to them but is, in fact, spendable cash ! Or, if you like, it is both, because USA money IS our debt. And our debt IS our money ! Would they rather have money in the bank or crude oil in a tank ( or in their ground ) THAT is the question. ” I wonder what they plan to do with that oil”. Now, is that a dumb comment or what ?
Why are you not wondering what they plan to do with the circa $ 700 Billion to $ 2 Trillion DOLLARS they are holding ? They could spend it, and if they spent it, it would relieve our financial problems in the USA.
Now lets not get confused about this : that money is not only our debt to them but is, in fact, spendable cash ! Or, if you like, it is both, because USA money IS our debt. And our debt IS our money !
Would they rather have money in the bank or crude oil in a tank ( or in their ground ) THAT is the question.

]]> By: Roger http://blog.sustainablog.org/china%e2%80%99s-oil-stockpiling-suggests-fossil-fuel-dependency-unlikely-to-decline/comment-page-1/#comment-56957 Roger Thu, 12 Mar 2009 00:24:15 +0000 http://sustainablog.org/?p=4288#comment-56957 I'd have to agree with Bobby. Look at the US's oil reserves, they are for exactly that reason. China has possibly the best chance to go green since their infrastructure is still developing. I wonder what they plan to do with that oil... I’d have to agree with Bobby. Look at the US’s oil reserves, they are for exactly that reason. China has possibly the best chance to go green since their infrastructure is still developing.

I wonder what they plan to do with that oil…

]]> By: Bobby B. http://blog.sustainablog.org/china%e2%80%99s-oil-stockpiling-suggests-fossil-fuel-dependency-unlikely-to-decline/comment-page-1/#comment-56903 Bobby B. Wed, 11 Mar 2009 18:30:40 +0000 http://sustainablog.org/?p=4288#comment-56903 "...China’s clear intentions to improve access to and stored supply of oil and gas suggest, more importantly, that its fossil fuel dependency will not likely wane any time soon." Do not be naive. Strategic petroleum reserves exist for a singular purpose: to fuel a country's war machine. This explains why such reserves are rarely utilized to combat periods of high demand and high pricing, which would be helpful to the country's consumer population. Although I hope otherwise, China may be expanding its reserves for offensive or defensive purposes. “…China’s clear intentions to improve access to and stored supply of oil and gas suggest, more importantly, that its fossil fuel dependency will not likely wane any time soon.”

Do not be naive. Strategic petroleum reserves exist for a singular purpose: to fuel a country’s war machine. This explains why such reserves are rarely utilized to combat periods of high demand and high pricing, which would be helpful to the country’s consumer population. Although I hope otherwise, China may be expanding its reserves for offensive or defensive purposes.

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