China’s crude oil imports hit a record high in the first half of 2016 despite an economic slowdown,and analysts largely attributed the surge to low prices,not strategic maneuvering.The country imported 186.5 million ...China’s crude oil imports hit a record high in the first half of 2016 despite an economic slowdown,and analysts largely attributed the surge to low prices,not strategic maneuvering.The country imported 186.5 million tons of crude oil in the first half of the year,23.15 million展开更多
Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ...Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work,the calculation was done by using the energy return on investment（EROI） method. The results showed that the EROIstnd（i.e., standard EROI） of China’s oil and gas extraction decreased from approximately 17.3：1 in 1986 to 8.4：1 in 2003, but it increased to 12.2：1 in 2013. From a company-level perspective, the EROIstnddiffered for different companies and was in the range of（8–12）：1. The EROI2,d（EROI considering energy outputs after processed and direct energy inputs） for different companies was in the range of（3–7）：1. The EROI of imported oil（EROIIO）declined from 14.8：1 in 1998 to approximately 4.8：1 in 2014, and the EROI of imported natural gas（EROIING）declined from 16.7：1 in 2009 to 8.6：1 in 2014. In 2015, the EROIIO and EROIING showed a slight increase due to decreasing import prices. In general, this paper suggests that from a net energy perspective, it has become more difficult for China to obtain oil and gas from both domestic production and imports. China is experiencing an EROI decline, which demonstrates the risk in the use of unsustainable fossil resources.展开更多
“Belt and Road” is the important origin of oil import in China. Based on social network analysis and stochastic frontier gravity model, this paper studied the characteristic evolution and influence factor of oil imp...“Belt and Road” is the important origin of oil import in China. Based on social network analysis and stochastic frontier gravity model, this paper studied the characteristic evolution and influence factor of oil import network between China and “Belt and Road” countries. Then by constructing a stochastic frontier gravity model including the crude oil future price and oil importing price, it found that the international crude oil future price, the oil importing price, the political situation, the trade agreements have the effects on the China's oil import from “Belt and Road” region. It provided suggestions for improving the spatial pattern of China's petroleum trade.展开更多
Media reports of China surpassing the United States as the world’s biggest oil importer as shown by data from a U.S.government agency were somewhat overrated.Recently published data by the U.S.Energy Information Admi...Media reports of China surpassing the United States as the world’s biggest oil importer as shown by data from a U.S.government agency were somewhat overrated.Recently published data by the U.S.Energy Information Administration(EIA)showed that net imports of the United States and China stood at 6.24 million and 6.3million barrels per day in September of 2013,respectively.The EIA further forecast that China will start overtaking the United States by October 2013 on a monthly basis and by 2014 on an annual basis in terms of net oil imports.展开更多
文摘China’s crude oil imports hit a record high in the first half of 2016 despite an economic slowdown,and analysts largely attributed the surge to low prices,not strategic maneuvering.The country imported 186.5 million tons of crude oil in the first half of the year,23.15 million
基金supported by the National Natural Science Foundation of China(No.71273277)the Philosophy and Social Sciences Major Research Project of the Ministry of Education(No.11JZD048)
文摘Concerns about China’s energy security have escalated because of the country’s high dependency on oil and gas imports, so it is necessary to calculate the availability of domestic oil and gas resources and China’s ability to obtain foreign energy through trade. In this work,the calculation was done by using the energy return on investment（EROI） method. The results showed that the EROIstnd（i.e., standard EROI） of China’s oil and gas extraction decreased from approximately 17.3：1 in 1986 to 8.4：1 in 2003, but it increased to 12.2：1 in 2013. From a company-level perspective, the EROIstnddiffered for different companies and was in the range of（8–12）：1. The EROI2,d（EROI considering energy outputs after processed and direct energy inputs） for different companies was in the range of（3–7）：1. The EROI of imported oil（EROIIO）declined from 14.8：1 in 1998 to approximately 4.8：1 in 2014, and the EROI of imported natural gas（EROIING）declined from 16.7：1 in 2009 to 8.6：1 in 2014. In 2015, the EROIIO and EROIING showed a slight increase due to decreasing import prices. In general, this paper suggests that from a net energy perspective, it has become more difficult for China to obtain oil and gas from both domestic production and imports. China is experiencing an EROI decline, which demonstrates the risk in the use of unsustainable fossil resources.
基金supports from National Natural Science Foundation of China(71774087).
文摘“Belt and Road” is the important origin of oil import in China. Based on social network analysis and stochastic frontier gravity model, this paper studied the characteristic evolution and influence factor of oil import network between China and “Belt and Road” countries. Then by constructing a stochastic frontier gravity model including the crude oil future price and oil importing price, it found that the international crude oil future price, the oil importing price, the political situation, the trade agreements have the effects on the China's oil import from “Belt and Road” region. It provided suggestions for improving the spatial pattern of China's petroleum trade.
文摘Media reports of China surpassing the United States as the world’s biggest oil importer as shown by data from a U.S.government agency were somewhat overrated.Recently published data by the U.S.Energy Information Administration(EIA)showed that net imports of the United States and China stood at 6.24 million and 6.3million barrels per day in September of 2013,respectively.The EIA further forecast that China will start overtaking the United States by October 2013 on a monthly basis and by 2014 on an annual basis in terms of net oil imports.
