Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
Taiwan-held atoll fends off China fishermen

'Too early to tell if oil will stay up'
London (UPI) Oct 25, 2010 - It may be too early to tell if the current 10 percent rise in crude oil prices is here to stay, the London Center for Global Energy Studies said Monday in its monthly oil report. Crude oil prices rose during the weekend, adding $1.39 and reaching $83.08 per barrel in New York. "It is perhaps too early to declare that the 10 percent rise in prices as 3Q10 ended and 4Q10 began marks the shift to a new trading range for oil," said the think tank, in reference to oil price shifts at the end of September and in early October at the beginning of the fourth and final quarter of 2010. "The price of the OPEC basket of crudes has slipped back below $80 a barrel, while benchmark grades have not risen as high as they did in May, nor have they stayed above $80/bbl for anywhere near as long," said CGES, citing price trends in the varieties of crude oil exported by OPEC or traded internationally, including North Sea and U.S. oil.

The center said recent price spikes could be due to developments in both the oil trade and financial markets and linked to global economic trends since the 2008 downturn. However, it warned, "both these drivers for higher prices could reverse very quickly." OPEC exporters have been pushing for higher prices in response to rising import costs brought on by a weak dollar. The center also cited uncertainties over the role spare capacity for global oil supplies could play in restraining further and prolonged rises in crude oil prices. "Spare capacity throughout the oil supply chain ought to limit upward price movements but only if that capacity is used," CGES pointed out.

The report said "many conflicting forces" at work could make it harder to predict the outlook for crude oil prices in the coming period. Unless the Northern Hemisphere suffered a cold snap, pushing up oil consumption, demand would rise more slowly in the closing part of the year than in preceding months, said the center. Analysts of Chinese imports, European holdings and U.S. crude oil stocks cited in the CGES report suggests there's plenty of oil about in storage. The French strikes added to those reserves as tankers carrying 25 million-30 million barrels of oil couldn't leave for their destinations. "All of these factors ought to limit any upward pressure on oil prices in the coming months," the seasonal study said. "On the other hand, although there is ample spare capacity throughout the oil supply chain, this will only prevent oil prices from rising in the face of stronger demand if it is utilized promptly when needed," CGES said.
by Staff Writers
Dongsha, Taiwan (AFP) Oct 26, 2010
For decades, Taiwan's army was waiting for Chinese marines to pour across the white beaches of Dongsha atoll, but now fishermen from China are a much bigger concern.

The Chinese fishing vessels are often armed with dynamite and cyanide as they approach the atoll, now a marine national park, and its distance of more than 400 kilometres (250 miles) from Taiwan makes it hard to defend.

"The biggest problem is that Taiwan is so far away, and China is so close," said Chang Chong-tsou, director of Dongsha Marine National Park, as he stood under a cloudless sky viewing the vast expanse of the South China Sea.

"Lots of boats come here from the mainland to fish. There are too many of them, and we don't have the capabilities to chase them all away."

Dongsha atoll, which from the air looks like a near-perfect sandy white circle against a deep blue sea, became Taiwan's first marine national park in early 2007.

The move came after years of concern about the ecosystems at Dongsha, which contains less than two square kilometres (0.8 square miles) of land but boasts a rich marine life with an estimated 600 species of fish and more than 100 species of corals.

However, excessive fishing and natural causes such as the El Nino weather phenomenon have contributed to rapid degradation.

One reef site had 45 species of coral in 1994, but four years later, the number had been reduced to just three.

The status as a marine park may have signalled Taiwan's determination to protect Dongsha's coral environment, but the Chinese fishermen, some based little more than 200 kilometres away, remain a concern.

"We're up against fishermen from Vietnam, the Philippines and Hong Kong," said an official stationed on the island.

"But we're really close to places in south China like Guangdong and Hainan provinces, so the number of Chinese vessels is a great deal bigger."

Taiwan can trace its control of Dongsha back to the end of World War II, when China's Nationalist government took over the islands from the surrendering Japanese.

When the Nationalists were forced by the Communists to leave for Taiwan in 1949, they took their control of Dongsha with them.

The communist government, now on better terms with Taipei than at any other time in 60 years, has never seriously challenged Taiwan's control of Dongsha, perhaps reasoning it would get it all back through reunification anyway.

With the Cold War over, Taiwan's marine corps has relinquished the job of managing Dongsha, handing over the responsibilities to a handful of Coast Guard members.

It is a suitable change of guard in a post-Cold War world, where military attack is no longer the sole or even the primary threat faced by a society.

"Environmental protection is an important part of our job aside from protecting territorial sovereignty," said Sung Tzu-yang, a Coast Guard official.

The general public is not allowed on Dongsha, but this could change, and as early as five years from now tourists may be allowed to visit, albeit in limited numbers to protect the environment.

At the moment, however, the biggest concern is not to make money on the atoll, but simply to help it survive the onslaught of Chinese fishermen.

"When we chase them in the east, they emerge in the west. If we chase them in the north, they turn up in the south," said Chang, the national park director.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
BP boss says group will not quit US over oil disaster
London (AFP) Oct 25, 2010
BP will not quit the United States over the Gulf of Mexico oil disaster that had "threatened the very existence" of the energy giant, its new chief executive Bob Dudley said here on Monday. "I can promise you that I did not become chief executive of BP in order to walk away from the US. BP will not be quitting America," Dudley, who is a US national, told a conference of British business lead ... read more







ENERGY TECH
Half The Productivity, Twice The Carbon

'Fearful' Frenchwoman replaced as renewables agency chief

Greece to draw green projects worth 45 bln euros by 2015: PM

Britain defends green spending amid cuts

ENERGY TECH
Taiwan-held atoll fends off China fishermen

S.Africa looks at shift away from coal

Small Is Beautiful In Hydroelectric Power Plant Design

SMSS Autonomous Vehicle To Demo Portable Battery Charging For Soldiers

ENERGY TECH
Wind power to grow massively until 2030

China's wind power capacity to increase five-fold by 2020

Google in major bid for Eastern US wind power

Findings About Wind Farms Could Expand Their Use

ENERGY TECH
Carlisle School District Unveils One Of Pensylvania's Largest Solar Arrays

Solar Frontier And IBM Sign Agreement To Develop CZTS Technology

First Ever US Solar Jobs Census Finds Solar Employment On The Rise

Fluor Develops Master Plan For South Africa Solar Park

ENERGY TECH
Tapping natural gas could unleash uranium

Argentina to join small group of uranium-enriching countries

Saudi cabinet gives nod to nuclear pact with Russia

Indian PM in Japan for nuclear, trade talks

ENERGY TECH
US Navy To Conduct Alternative Fuels Demo With Riverine Command Boat

Boeing Statement Regarding USDA-FAA Partnership On Aviation Biofuels

Carolina pioneering human waste-to-energy

Port Gibson Biomass Plans Taking Shape

ENERGY TECH
NASA chief says pleased with 'comprehensive' China visit

The International Future In Space

International Crews for Shenzhou

China Eyes Extended Mission Beyond Moon

ENERGY TECH
Climate Tipping Points For Populations, Not Just Species

Climate action on firing line in US elections

Climate change to hit Asia's poor hardest: World Bank

Climate change could bring 'travel chaos'


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement