Home>News Center>Bizchina
       
 

Experts: unfair to blame China on oil price
(Xinhua)
Updated: 2005-11-14 09:13

Experts attending the China-Montreux Energy Roundtable 2005 said in Beijing on Sunday that there are a dozen of factors contributing to the current surging oil price and it is unfair to blame China solely.

Professor Subroto, Chairman of the Foundation of Indonesian Institute for Energy Economics, said that different from the oil crisis occurred in last century that were caused by disruption of supply, the current soaring oil price are caused by demand increase with increasing economic activity worldwide.

Moreover, the small excess capacity of major oil producers and political factors are also important factors contributing to the current soaring oil price, he said.

However, Subroto believed that the oil price will somewhat fall with more investment in the industry and more supply.

But it could be definitely say that the era of 25 US dollars per barrel will not come back, he said.

Ali Al-Muhareb, Vice President, Corporate Planning of Saudi Aramco, said that there is no physical shortage of oil even when the oil price has been hovering at some 60 US dollars per barrel.

The current supply shortage was caused by lack of investment in refining industry and infrastructures such as distribution and transportation when the oil price was relatively low a few years ago, he said.

Richard Mckean, President and Founder of Montreux Energy said the expectation of the financial market for the supply and demand tension of the oil market is another reason attributing to the current high price.

It is not right to say that one single reason leading to the current high oil price as a dozen of factors finally attributed to the current situation, said William C. Ramsay, Deputy Executive Director of the International Energy Agency.

However, as the cost for producing a barrel of oil is only 11 to 12 US dollars, it is still unreasonable to see the price rise to a high level of about 60 US dollars per barrel, he said.

Since the international oil price began to surge in 2004, China's rising demand has been blamed as the major factor for lifting the price.

It is unfair to blame China, a developing country that is experiencing its economic development and seeing its normal growth of energy demand, said Subroto.

What the world should also see is that China is trying its best to produce more oil and natural gas to reduce its dependency on import, to improve its energy consumption structure by using more renewable and new energies and to enhance its energy efficiency, he said.

As a world-famous high-level international energy forum, Montreux Energy Roundable saw it first forum held in China in 2004.

Nearly 200 professionals in the energy circle from both home and overseas attended the China-Montreux Energy Roundtable 2005 to discuss topics on energy sustainability: efficiency and reliability.

(Source: Xinhua)



 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 久久精品国产亚洲AV麻豆~| 啊灬啊别停灬用力啊岳| 99久久综合狠狠综合久久aⅴ| 成年女人免费v片| 久久天天躁狠狠躁夜夜网站| 欧美在线一级精品| 亚洲高清偷拍一区二区三区| 美女高潮黄又色高清视频免费| 国产成人A亚洲精V品无码| 手机在线看片国产| 国产视频中文字幕| 99热在线观看| 娇妻之欲海泛舟白丽交换| 中文字幕一区二区人妻性色| 日本性视频网站| 久久精品成人免费观看| 欧洲最强rapper网站在线看| 亚洲国产精品成人久久久| 欧美高清一区二区三区| 交换人生电影在线| 白丝女班长被弄得娇喘不停 | 一级一级女人真片| 手机看片福利日韩国产| 久久久久亚洲AV无码专区体验| 日本高清H色视频在线观看| 乱人伦视频中文字幕| 欧美40老熟妇| 亚洲人成伊人成综合网久久久| 欧美日韩免费大片| 亚洲日本香蕉视频观看视频| 欧美高清色视频在线播放| 亚洲精品中文字幕无码蜜桃| 海角社区视频在线| 人人妻人人澡人人爽欧美一区九九 | 久久强奷乱码老熟女网站| 日韩激情淫片免费看| 五月婷婷在线观看| 明星xxxxhdvideos| 久久这里只有精品18| 最近新免费韩国视频资源| 亚洲AV日韩精品久久久久久|