China’s 3-Step Plan to Energy Independence
China wants to depend on the fat cats in bed sheets sitting in their silver made (not silver-plated) Mercedes in garages with Swardovski Crystal chandeliers for lights…in their garages!
China has a plan, albeit a long range one.
By 2010 – just two years away, China wants:
1. 10 new oil fields with a reserve of at least 100 million tons
2. 8-10 new gas fields with more than 100 billion cu m of natural gas
3. 200 large mines with coal, iron and copper 
In 2006, China's imports of oil made up 45% of domestic consumption.
Domestic crude oil production is growing 1.7% annually.
Domestic crude oil consumption is growing 12.8% annually.
In a few years, if not already, China, the world's second largest crude oil importer will be looking like America.
America, what's your plan for independence?
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