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Sunday, January 23, 2011
Peak Oil: Obama urges us to end our addiction to fossil fuels tnr.v, czx.v, alk.ax, lmr.v, tsla, rm.v, nup.ax, srz.ax, usa.ax, jnn.v, sqm, fmc, roc, li.v, wlc.v, clq.v, lit, nsany, byddf, gm, dai, rno.pa, hev, aone, vlnc
at 12:05 PM
"Peak Oil: What a Way to Go? When will we waken up?
- Electric vehicles are classified as a "strategic industry" under the twelfth Five-Year plan (2011-15), and parts manufactures will receive tax breaks and subsidies. the government has pledged that it will do whatever is necessary to push Chinese auto industry into the lead on electric vehicles over the next decade.
- Premier Wen Jiabao's choice three years ago for Minister of Science and Technology, WAN Gang, was the first minister in at least three decades who is not a member of the Communist Party, but he is former Audi auto engineer and ex-chief scientist for the Chinese' government research panel on electric cars.
- Senior Chinese officials, including Wan Gang, have outlined China's aim to be the world's largest producer of electric cars within three years, with a near-term goal of producing 500k units in 2011.
- The central government has already pledged about $17B to push the electric vehicle effort, including about $2B for R&D and an $8,800/car subsidy in 26 cities (announced in June). Provincial governments have been encouraged to contribute on top of that.
- The state-owned utilities have been tasked with building out the smart grid and charging infrastructure required for a rapid ramp up in electrics. According to the State Grid Corporation (SGC), which provides about 85% of the country's power, 75 electric charging stations are planned for 27 cities by the end of 2010. The pace will accelerate next year."
Some of the very important messages were almost missed during Christmas preparations last year - Peak Oil is here and now is acknowledged by authorities. What else do we need to act, before Panic of Oil Shock will confirm messages from Obama and Steven Chu?
"DOE: Critical materials Strategy. After groundbreaking speech admitting the Peak Oil by U.S. Energy Secretary Steven Chu, now it is long time due to address supply of Critical Material or Strategic Commodities as we call it here with Lithium and Rare Earths among others. China, Japan and Korea are leading the way and China already controls REE market, Lithium could be next."
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