Wednesday, November 12, 2014

China oil

The President made an agreement with China that promotes the reduction of green-house gases by 2030. The US will easily make their target by replacing coal fired powered with natural gas, a process which has been going on for the past 10 years. China is quickly buying oil on the world market as the number of people owning cars and trucks increases each year. The people living in the cities in China are choking to on air pollution and as the number of cars increase the problem will get worse. There is no stopping the increase in auto production but China can go a long was to reduce pollution by switching power plants to oil. They know this and are buying oil on the open market and the US could be part of this if the US would open government lands to drilling. China is snapping up unusually high amounts of crude oil as global prices hit their lowest level in years,Wall Street Journal reported Monday. The US could be a major supplier of oil to China if the government would allow drilling in the Green River Formation in Western USA. This would excite our economy with new high paying jobs for white and blue collar workers and offset our negative balance of payments. It would help China meet their new air pollution goals and drastically improve the health of the people in China.

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