Fueling the dragon

It is about China’s overall development dollars’ worth of deals around the world to buy energy strategy; the direction of China’s modernization – 4 – program; what kind of China is emerging as a world due to a reclassification of the status of Alberta’s huge power; and ultimately it is about whether China will oil sands to the economically recoverable category. [...] Although the cost of extracting oil from sand is higher, at about $12 per CANADA COMES INTO PLAY barrel compared to roughly $4 per barrel for It is clearly in the interests of Canada, the US, Japan conventional recovery in the Middle East, it is still a and other Western countries to establish a constructive profitable operation when the world oil price hovers relationship with Beijing in the ener [...] Now, with the lure of Alberta’s potentially huge oil Despite these efforts, it is difficult to say that there has sands production and the surge in China’s demand for been much progress in bilateral energy cooperation over oil and other resources, there are signs that at last the the years with the exception of the two nuclear reactors. [...] In other areas in the above dialogue on energy in the context of the 2001 MOU list, the achievements are limited considering the huge between the Department of Natural Resources of potential for trade, investment, technological exchanges Canada (NRCan) and the National Development and other joint ventures. [...] Such cooperation The National Development and Reform Commission has the potential to cover a broad range of energy (NDRC) of the People’s Republic of China and Natural issues, including sources of supply, energy efficiency Resources Canada (NRCan) will maintain regular and new technologies.