Another cold war ? China and U.S.

[CaptFirePanda]

In 2015 this is what the numbers will look like:

Consumption: 12.023 million bpd
Production: 4.214 million bpd
Net Imports: 7.809 million bpd

In 2020 this what the numbers will look like:

Consumption: 16.334 million bpd
Production: 4.596 million bpd
Net Imports: 11.737 million bpd

It will be interesting to see what this decade will have in store considering world oil production has peaked since 2005; though many analysts believe this will lead to increased production from nonconventional sources such as tight oil and tar sands.

I don't want to come off as nit-picker, but those numbers are projections so they could look like that in 3-8 years.

Overall, I agree with the increased demand from unconventional sources and this has many implications.

 

[shashankac655]

Like the title, has another cold war begun between China and U.S.. There are some indications and developments or Am I stating the obvious ?

http://www.bbc.co.uk/news/science-environment-16423881

Appreciate comments and discussion on the topic.

I feel that there is definitely a small scale Cold war between US and China...you know things like cyber warfare
and militarization of Space
“whoever controls space controls the Earth.”

some say that China might be having around 3000 Nuclear bombs.

The question is not whether there is a cold war ,it whether it is going to intensify or not ,i don't know whether the countries can afford it.