Energy resources are not sufficient to fuel China's economic growth

ForAgainst

  
China’s energy sector has a number of intrinsic weaknesses
ForAgainst
  • China has a shortage of domestic oil and gas reserves relative to current and future demand
  • there exists in the nation geographic mismatch between the location of primary energy resources and the main centers of demand
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China needs ever more oil to fuel its explosive economic growth
ForAgainst
  • China is now the world's number two oil importer
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there is always fuel shortage in China recent years
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The government raises prices to curb demand and encourage refiners to produce more
ForAgainst
  • In the recent months,the government has raised the oil price for several times, that mean the demand of oil is very large and there is not enough supply of oil
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China still has a lot of potential renewable energy resources yet to be extracted
ForAgainst
  • it is estimated that the total potential wind power generating capacity in China equals the power generating capacity of 50 Three Gorges Dam (>10m MV)
  • it is estimated that biomass energy from agricultural waste, straw and waste from cities alone in China may exceed 500 m MT of coal equivalents
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new oil resources are constantly being discovered in China
ForAgainst
  • the new discoveries and production are not able to offset current depletion of oil reserve in the country due to its rapid economic growth
  • PetroChina has just discovered in an offshore field in Bohai Bay with proven reserves equal to about 10 per cent of the country's oil and gas reserves
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China is the world's biggest coal producer
ForAgainst
     
  • China's coal stockpile has plunged to its lowest level in 20 years
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