Difference between revisions of "Energy crisis in Asia"

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==Description:==
==Description:==
Economic growth in Asia have contributed to world economy, but some problems emerged as the result of the rapid growth in China. One of the most serious problems is energy problem. Recently, consumption of electricity and gas for automobiles is rapidly increasing in China.  
While economic growth in China has certainly contributed to the world economy there have also been problems as the result of the growth. One of the most serious problems is a shortage of energy. The energy shortage will continue into the future due to China's economic growth, which is being fueled by the infrastructure and manufacturing industries. Consumption of electricity and oil for automobiles is rapidly increasing in China because of industrialization and an increase of automobiles. In spite of the rapid industrialization the supply of electricity was limited in 26 provinces in China in 2004.  


An energy crisis slows down Chinese economy which can result in slowing of the world economy. The 2008 energy crisis in China damaged power infrastructure resulting in further energy shortfalls in the manufacturing hub of Guangdong.


==Enablers:==
==Enablers:==
- Increased diffusion of internet access (broadband and mobile connections)
*Extreme cold temperatures
- Increased computer/internet literacy and comfort level
*Market manipulation
- Online anonymity
*Industrial actions
- Smaller minimum bets make it accessible to more people
*Disasters
- Difficult to enforce laws in cyberspace
*Instability in key producing regions
*Clash of Asian countries over territorial disputes of potential energy sources
*Failure of regulation on energy consumption and then sudden energy crisis in China
*Failure of development of alternative energy


==Inhibitors:==
==Inhibitors:==
- National laws (if and when applicable)
*Energy conservation
- WTO rulings and decisions
*Development of new and larger power plants
- Filters
*Development of new energy sources
*Amicable solution on the potential oil region in the South China Sea and then development of the area
*Successful governmental regulation for rapid growth of energy consumption in China
*Hybrid or fuel-cell cars in China, U.S, and other countries
*Amicable solution in Middle East
*Securing coal and natural gas supplies with long term contracts


==Paradigms:==
==Paradigms:==
Talk is cheap but money speaks the truth. The theory is that the aggregated hunches of many people with money at stake are likely to be more accurate than the opinion of disinterested experts or of whoever happens to be at home when a pollster calls. It is easier to put your money where your mouth is in information markets than in many “proper” markets. Because you can “sell” without first “buying”, short-selling, which is limited in many financial markets, is essentially unconstrained. Businesses have also made good use of information markets. Siemens, a German conglomerate, used an internal market to correctly forecast that the firm would fail to deliver a software project on time, even though internal planning methods showed that the deadline could be met


The US plans to appeal the WTO decision that old American laws prohibiting gambling over wires that cross state lines violate global trade rules for the services sector. The degree to which governments are clearing up grey areas of internet-related law may not be the outcome cyber enthusiasts want.
*The energy crises have changed the way the world sees China's rapid growth. China's reliance on coal fired power plants it quickly moving them up the list of carbon emissions putting question marks above the way developing eceonomies generate their power.
*A longer term energy crisis in China would stifle the economic growth and drive up energy commodity prices. This would impact the world and focus national interests either on the development of new sources of energy or on the securing of natural resources.


==Timing:==
==Timing:==
*'90s Chinese government revised its policy on self-sufficiency of energy because of the rapid increase of energy consumption in China
*'93 China became a net importer of oil
*'94 U.S and North Korea agree on KEDO
*'01 China and Russia agree on an oil pipeline construction
*'03 U.S, Japan and South Korea agree to freeze KEDO program
*'05 China (CNPC) takes over Kazakhstan's oil company
*'05 China secures oil rights in Iran, Kazakhstan, Iraq, Sudan, Venezuela
*'05 China experiences severe energy shortgaes
*'08 China again experiences severe energy shortgaes resulting in damage to power networks


1995: WTO agreement lets countries ban trade where it has national laws designed to “protect public morals”, which would seem to cover gambling, at least from an American perspective.
==Web Resources:==
 
2003: An American government body, the Defense Advanced Research Projects Agency, tried to create an exchange to trade contracts on the likelihood of a terrorist attack.
 
2003: Market trading in contracts which paid off in Saddam Hussein was removed as leader of Iraq.


Nov. 10, 2004: WTO decision that old American laws prohibiting gambling over wires that cross state lines violate global trade rules for the services sector.
[[http://www.kedo.org/ The Korean Peninsula Energy Development Organization ]]


==Web Resources:==
[[http://news.bbc.co.uk/1/hi/business/3828801.stm BBC: Energy crisis in China ]]


House of Cards: The WTO and Online Gambling from the Economist
[[http://www.lanl.gov/orgs/d/d4/energy/engchina.html China Energy Study ]]
http://www.economist.com/research/articlesBySubject/displayStory.cfm?story_id=3411641&subjectID=682268&emailauth=%2527%252FUOH%255F%253CC0SP%255C%2520%250A


Guessing Games from the Economist
[[http://www.bizjournals.com/dayton/stories/2004/03/22/focus2.html Hybrid Car is getting popular ]]
http://www.economist.com/research/articlesBySubject/displayStory.cfm?story_id=3400241&subjectID=348918&emailauth=%2527%2528%2540%252E7%2525%255C%255C%253B3%2540%255C%2520%250A


Using Markets to Inform Policy: The Case of the Iraq War from Stanford University
[[http://www.atimes.com/atimes/China/FI24Ad06.html China power crisis dims production ]]
http://faculty-gsb.stanford.edu/zitzewitz/Research/usingmarkets.pdf


How Information Markets Could Change the Policy World from the Brookings Institute
[[http://biz.yahoo.com/opt/050906/7c30cb7f728a303d0774062d708ce7a6.html?.v=1 Katrina May Cause Genuine Energy Crisis ]]
http://www.aei-brookings.org/admin/authorpdfs/page.php?id=1019

Latest revision as of 21:32, 17 September 2009

Description:

While economic growth in China has certainly contributed to the world economy there have also been problems as the result of the growth. One of the most serious problems is a shortage of energy. The energy shortage will continue into the future due to China's economic growth, which is being fueled by the infrastructure and manufacturing industries. Consumption of electricity and oil for automobiles is rapidly increasing in China because of industrialization and an increase of automobiles. In spite of the rapid industrialization the supply of electricity was limited in 26 provinces in China in 2004.

An energy crisis slows down Chinese economy which can result in slowing of the world economy. The 2008 energy crisis in China damaged power infrastructure resulting in further energy shortfalls in the manufacturing hub of Guangdong.

Enablers:

  • Extreme cold temperatures
  • Market manipulation
  • Industrial actions
  • Disasters
  • Instability in key producing regions
  • Clash of Asian countries over territorial disputes of potential energy sources
  • Failure of regulation on energy consumption and then sudden energy crisis in China
  • Failure of development of alternative energy

Inhibitors:

  • Energy conservation
  • Development of new and larger power plants
  • Development of new energy sources
  • Amicable solution on the potential oil region in the South China Sea and then development of the area
  • Successful governmental regulation for rapid growth of energy consumption in China
  • Hybrid or fuel-cell cars in China, U.S, and other countries
  • Amicable solution in Middle East
  • Securing coal and natural gas supplies with long term contracts

Paradigms:

  • The energy crises have changed the way the world sees China's rapid growth. China's reliance on coal fired power plants it quickly moving them up the list of carbon emissions putting question marks above the way developing eceonomies generate their power.
  • A longer term energy crisis in China would stifle the economic growth and drive up energy commodity prices. This would impact the world and focus national interests either on the development of new sources of energy or on the securing of natural resources.

Timing:

  • '90s Chinese government revised its policy on self-sufficiency of energy because of the rapid increase of energy consumption in China
  • '93 China became a net importer of oil
  • '94 U.S and North Korea agree on KEDO
  • '01 China and Russia agree on an oil pipeline construction
  • '03 U.S, Japan and South Korea agree to freeze KEDO program
  • '05 China (CNPC) takes over Kazakhstan's oil company
  • '05 China secures oil rights in Iran, Kazakhstan, Iraq, Sudan, Venezuela
  • '05 China experiences severe energy shortgaes
  • '08 China again experiences severe energy shortgaes resulting in damage to power networks

Web Resources:

[The Korean Peninsula Energy Development Organization ]

[BBC: Energy crisis in China ]

[China Energy Study ]

[Hybrid Car is getting popular ]

[China power crisis dims production ]

[Katrina May Cause Genuine Energy Crisis ]

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