ANAHEIM, Calif. — The world's solar companies gathered here recently amid the nation's largest solar market under a brilliant sun – and the looming shadow of China.
China leads the world in making solar cells, the key component in solar panels, many of which are exported to the U.S.
But China is setting itself up to do more than just manufacture components for renewable energy, such as wind and solar. It's also spending heavily to build its own domestic market as it attempts to battle its greenhouse gas emissions, electrify its nation of 1.3 billion people and curb its massive pollution problem.
The buildup of a huge market in China for renewable energy is luring global manufacturers and research teams to China, energy executives say. That's causing concern in some corners that China – not the U.S. – will emerge as the hub of the new industries, leaving the U.S. as dependent on foreign nations for solar panels, wind turbines and other green-energy equipment and technology as it is on the Mideast for oil.
"The Chinese government has recognized that these industries are the 21st century's industries of importance, and it wants to be the Silicon Valley of renewables," says Alan Salzman, CEO of U.S.-based VantagePoint Venture Partners, which specializes in clean energy and clean tech investments.
He says the U.S. hasn't been as clear or as determined as China, a stance echoed by Energy Secretary Steven Chu in testimony before a Senate committee last month.
While China spends about $9 billion a month on clean energy development, the U.S. "has fallen behind," Chu said. He noted that the world's largest turbine-making company is headquartered in Denmark, that 99% of batteries for America's hybrid cars are made in Japan and that the U.S. has lost most of its solar cell manufacturing industry.
China pushes solar, wind power development - USATODAY.com
First, we consume 16% more in bpd than we did in 1970, yet our population has grown roughly 33% over the same time.....now that is the high which represents 3.5 million bpd more than 1970, which brings us to today, currently in slower economic growth (growth being vital to our way of life, actually any nations way of life) we are consuming roughly 1 to 1.5 million bpd more than 1970......
The Al Gore Fan Club is making Al Gore a very rich man.....and his "Truth" is not about the planet, it is about him and only him.....
The following is from the International Energy Agency.......
Clean Energy Will Lag Behind Global Power Demand: Chart of Day - Bloomberg.com see attachment....
Over the next 15 years we can not even come close to meeting the demand for just electricity, let alone transportation, heating, manufacturing, etc... with Clean Energy Alternatives.....
And for those of you who really believe we need the ME for their oil, take a look at the following:
Rank Country (bbl) Date of Information
1 Saudi Arabia 266,700,000,000 1 January 2009 est.
2 Canada 178,100,000,000 1 January 2009 est.
3 Iran 136,200,000,000 1 January 2009 est.
4 Iraq 115,000,000,000 1 January 2009 est.
5 Kuwait 104,000,000,000 1 January 2009 est.
6 Venezuela 99,380,000,000 1 January 2009 est.
7 United Arab Emirates 97,800,000,000 1 January 2009 est.
8 Russia 60,000,000,000 1 January 2009 est.
9 Libya 43,660,000,000 1 January 2009 est.
10 Nigeria 36,220,000,000 1 January 2009 est.
11 Kazakhstan 30,000,000,000 1 January 2009 est.
12 United States 21,320,000,000 1 January 2009 est.
13 China 16,000,000,000 1 January 2009 est.
14 Qatar 15,210,000,000 1 January 2009 est.
15 Brazil 12,620,000,000 1 January 2009 est.
Now keep in mind, the Saudis kicked American management out of Saudi Aramco in 1979, the rules for the OPEC Cartel members for their amount of barrels of production per day are based on their proven reserves, there is no independent auditing of proven reserves for any of the members........
This brings me to my point, currently reserves est. in the North Dakota Bakken are 271 billion to 503 billion barrels (8.00×1010 m3), with a mean of
413 billion barrels (6.57×1010 m3).[9]......current technology, horizontal drilling mainly, have brought Shale into the forefront of domestic production, and the Bakken formation was discovered in 1951, there are several new Shale plays within our own borders.....The top three nations Globally est. reserves amount to 581,000,000,000......
We can continue to follow, but our strongest position has always been as a leader, if we continue to believe we need to import to guard our future, we will continue to be a slave to global price controls, and as T. Boone Pickens has pointed out we will never develop the capital or ambition to really find safe alternative energy....