2013年7月24日星期三

China is the world's largest importer of oil fracturing proppant

U.S. Energy Information Administration data show that oil fracturing proppant  day last December U.S. net imports of only 598 million barrels of oil, while China Customs data is that China has rapidly month daily oil net imports reached 612 million barrels. Although the annual total, the United States remains the world's biggest buyer of oil, but with the United States, " shale gas  revolution" in depth, China's demand for energy increases, China surpassed the U.S. as the largest oil importer, is a matter of time. Oil demand in China and the U.S. on the translocation of China is a warning sign. National Development and Reform Commission in accordance with the data in the whole of 2012, China Petroleum
(601857, stock it) yield 204 million tons, while imports reached 280 million tons, dependence on foreign oil has reached about 58%.

Oil fracturing  Proppant  security alarm is sounding. From an economic perspective, as China has become the world's biggest oil importer, will have a lot of wealth for foreign oil imports, on the one hand it will greatly controlled by others, not even rule out some problems due to the "oil crisis", which seriously impact Chinese economy; hand, this will greatly enhance the "Made in China" costs, affecting the competitiveness of Chinese products. In contrast, with the "shale gas revolution" further, the United States is likely to surpass Saudi Arabia and Russia to become the world's largest energy producer. Ensure adequate energy, relatively low prices, is expected to reshape the U.S. manufacturing sector, the current from the IB M to Intel, from Caterpillar to General Electric, U.S. companies with the "shale gas revolution" Dongfeng are returning local production, if This trend can be sustained for the Chinese economy, it is definitely not a blessing.

From a geopolitical perspective, the future of China's oil fracturing proppant of origin, in addition to neighboring Russia, mainly from the Gulf region. However, the complex political and military situation in the Middle East, but it is the biggest threat to stable source of oil. From a technical perspective, the issue of energy security, science and technology will undoubtedly serve as the primary productive role, and shale gas is also worthy of a "game changer" in the title. It is thanks to new technologies such as  Hydraulic fracturing  applications, shale gas development in the United States has made a major breakthrough, but the technology innovation, essential also for the U.S. monopoly.

Although a large number of Chinese shale gas reserves, but the complex geological structure, the basic national conditions of water shortage, especially the lack of innovative technology, yet not allow shale gas development to become a reality.

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