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By Karim Rahemtulla, Investment Director Oil & Energy Daily Back in March, we talked about Myanmar – and the massive investment opportunity taking shape there. I know it sounds like an obscure country with limited prospects, but I assure you, it’s not. And I’ll have even more information for you once I get back from the Myanmar 2013 Investment Summit in Hong Kong. But today, Read More …
By Lily Kuo Quartz The world’s most contentious and strategic waterway may soon be in Southeast Asia. Oil from the Middle East and Africa that travels through the Straits of Malacca makes up 75% of oil (paywall) consumed by Japan, South Korea, and Taiwan, and 37% of China’s demand. And that pressure isn’t going to ease anytime soon. China’s latest attempt to ease dependence on Read More …
Coral Triangle’s vast oil reserves By Bernie Lopez Reprinted from the Philippine Sentinel Editor – dinocres1944@aim.com Is the conservation program of the oil-multinational-funded World Wildlife Fund (WWF) in the Coral Triangle an ‘advance party’ for oil exploration? The 1.6-billion-acre Coral Triangle, reputed to be the richest marine biodiversity area in the planet, covering six countries, is regarded by oil multinationals to also be the richest Read More …
By Brad Plumer Washington Post Here’s a neat map looking at how oil travels by sea around the globe — focusing on the key “choke points” where that oil supply is most vulnerable to attack: Source: U.S. Energy Information Administration That map comes from this recent reporting project on U.S. energy security by nine student journalists at the Medill National Security Journalism Initiative. The Web site is Read More …
Source: U.S. Energy Information Administration Stretching from Singapore and the Strait of Malacca chokepoint in the southwest to the Strait of Taiwan in the northeast, the South China Sea is one of the most important energy trade routes in the world. Almost a third of global crude oil and over half of global liquefied natural gas (LNG) passes through the South China Sea each year. Read More …
PerryScope By Perry Diaz If China attacked the United States, she had better knock her out in the first strike. Otherwise, the U.S. would unleash 1,654 nuclear warheads on 792 deployed Intercontinental Ballistic Missiles (ICBMs), Submarine-launched Ballistic Missiles (SLBMs), B-52 bombers, and B-2 stealth bombers. China has approximately 240 warheads and an undetermined number of ICBMs. But who would fire the first ICBM? China had Read More …
Source: Bankok Post An authoritative new report on likely oil and gas reserves in the heavily disputed regions of the South China has concluded that there probably aren’t any. http://www.bangkokpost.com/news/asia/344342/no-useable-oil-in-disputed-areas-us The study, certain to shock political circles in China and the Asean region, concludes for the first time that the bickering and sometimes fighting countries expecting riches under the Spratly and Paracel Islands are going Read More …
America is exporting to China for the first time in eight years, with big implications for bilateral relations and the global market By Toh Han Shih South China Morning Post The US has started exporting crude oil to China for the first time since 2005, which analysts say gives Washington additional leverage in Sino-US relations and has major implications for the global oil market. In Read More …
By Alexis Romero The Philippine Star MANILA, Philippines – Chinese vessels are not likely to leave the Panatag (Scarborough) Shoal and may even increase their patrolling activities in the area, a security expert said on Thursday. Russell Smith, Asia Pacific director of critical information provider IHS, said China would maintain its presence in the area not for economic gain but to assert its sovereignty. “I Read More …
By John Daly OilPrice.com Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice.com Energy Intelligence Report gives you this and much more. Click here to find out more. While the Western press is fixated on both recent North Korean nuclear tests and Beijing’s recent skirmishes with Japan over the Senkaku Read More …