Tuesday, May 06, 2008

China vs. U.S. The Battle for Oil (1-7)

Sky-rocketing growth and shortage of sufficient resources to supply its burgeoning American-style middle-class is forcing China to set its sights outside its borders in a frantic search for oil. Under the dominant production and consumption model - there's no question where this will lead. Middle-class lifestyle in these developing countries, even if more frugal than what is common in rich nations, is more energy-intensive. In 2006, China added as much electricity as France's total supply. Yet millions in China lack reliable access to electricity; in India, more than 400 million don't have power. The demand in India will grow fivefold in the next 25 years. So much demand, not enough supply....,