1Fast400 Forums -> oil

trouble

Posted: Aug 11 2005, 04:37 PM

Group: Advanced Members
Posts: 4770
Member No.: 16229
Joined: 26-January 04

Not too far off the mark, James.

The US is still the world's largest producer of petrochemical stocks, but other countries are narrowing the gap. China is one of the more aggressive national producers that are vying for a chunk of the global demand for industrial chemicals.

Here's an idea of what China's industrial sector is producing:

C. Industry –the Manufacturing and Mining Sector
Manufacturing, mining, and construction constitute China’s industrial sector. In the 1980s industrial production increased by an average annual rate of 11.1 percent, and in the period from 1990 to 1996 it grew by an annual rate of 17.3 percent, the fastest pace in the world. China’s manufactures are diverse and include such complex products as airplanes, ships, automobiles, satellites, and modern industrial equipment. However, many production facilities are outmoded and inefficient, and many state-owned enterprises operate at a loss.

Since the 1980s enterprise managers have received increasing decision-making powers. The government has introduced new forms of management, such as leasing, shareholding, and contracting out of state-owned enterprises. It has allowed private ownership to coexist with state and collective ownership, and for many state-owned enterprises to be leased, contracted out, merged, or sold. In an effort to modernize industry, China has sent large numbers of scholars, factory managers, and technicians abroad to acquire advanced management and technical skills. Foreign technology has also been imported in the form of entire factories.

In manufacturing the Chinese government regards the iron and steel industry as the foundation for further industrial developmen. In 1996 China produced 101 million metric tons of steel, ranking first in the world. The country manufactures a great variety of steel products, including tungsten steels, stainless steels, heavy steel plates, and seamless pipes.

In addition to iron and steel, China’s heavy industries include shipbuilding and the manufacture of locomotives, tractors, mining machinery, power-generating equipment, petroleum drilling and refining machinery, and petrochemicals.

Petrochemical plants are found in most provinces and autonomous regions, and products include synthetic fibers, plastics, and pharmaceuticals.

The Chinese textile industry is the largest in the world. It includes the weaving of cotton, wool, linen, silk, and chemical fibers; cloth printing and dyeing; and knitting and clothing manufacture. Since the beginning of the reforms, cotton production has increased dramatically to supply a growing textile industry.

Other important manufactures produced in China include cement, paper and paperboard, television sets, bicycles, sewing machines, washing machines, refrigerators, and motor vehicles.

In mining China has many mineral resources, including large deposits of some industrially important minerals. In 1999 China produced 1.01 billion metric tons of coal, the largest production in the world. Coal is China’s leading fuel for industrial and home use. Most of the coal produced is for the domestic market.

Rapid development of the petroleum industry since the 1950s has made China one of the world’s major oil producers. China became self-sufficient in gasoline products in 1963, although the per capita consumption level was very low; by 1973 the country was able to export both crude oil and refined petroleum products. Major oil fields include Daqing in Heilongjiang, Shengli in Shandong, and Liaohe in Liaoning. The nation’s largest petroleum reserves are found in the Tarim Pendi, an arid basin in Xinjiang Uygur Autonomous Region.

Source: http://christian-living.jesuswork.org/t13-...y-on-china.html <you get your info sources where you can..>

I posted some facts on world crude oil resources and availability in the future on this forum recently (I think it might have been one of X's provacative threads).

The peak in world production is projected to occur in the next 10-15 yrs. Thereafter, recovery will become progressively more expensive as lower yield and heavily contaminated crude oil sources (oil shales and sands, high S crudes and light crudes) are harvested.

We face a critial shortage of oil for all uses, in the next 50 years.

Thereafter, new materials for the production of hydrocarbon synthetic chemicals must supply demand for manmade materials.

<not MY fault if you have screwy artist hours, James>

proud hyperborean