Experts offer ideas for sustainable development under high oil prices

From October 4th to 5th, the 3rd China Energy Strategy International Forum was held at China University of Petroleum (Beijing). Many well-known experts and scholars from home and abroad have put forward a series of suggestions and countermeasures on the sustainable development of the Chinese economy under high oil prices.
At the forum, experts and scholars faced challenges and contingency measures in China's new energy development, energy conservation and emission reduction, international oil price trend analysis, and the internationalization of oil companies, and China’s face in deepwater oil and gas development and global oil markets. Opportunities, challenges and other angles have conducted extensive and in-depth discussions on the sustainable development of the Chinese economy.
Li Deshui, deputy chairman of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference and honorary director of the China Energy Strategy Research Center, said when talking about current oil prices and countermeasures, China’s coal consumption in 2007 accounted for 41.3% of the total global coal consumption. Former oil-consuming countries, this is indeed worth serious reflection. While we are striving to explore and develop petroleum resources and actively use foreign oil resources, we must mention the reduction of fuel consumption to the height of our strategy, through technological progress and structural adjustment, and formulate relevant laws and regulations, as well as strong economic policies. The oil consumption has been reduced significantly to ensure the sustainable development of our economy.
Assistant General Manager of Shanghai Futures Exchange, 褚?i Hai, believes that the current international crude oil prices cannot fully reflect the precise spot market prices in Asia or China and the prices in the short term. With the rapid development of the Asian economy, the total economic volume and trade volume in the region are large, and the economic complementarity is also very strong. In addition to North America and Europe, the Asia region should generate an important, internationally influential energy and petroleum pricing center.
According to Hao Hongyi, deputy director of the Academic Committee of the China Energy Economic Research Institute and senior researcher of the China Energy Strategy Research Center, the traditional three major fossil energy sources will remain the world's major energy sources in the next 20 to 30 years, but the proportion of oil and gas, especially oil, will be It will gradually begin to decline. After comprehensive analysis, from 2010 to 2026, the world will enter the peak period of oil production. Therefore, from the perspective of future development, whether it is Chinese oil companies or foreign oil companies, whether national oil companies or multinational oil companies, the next step in the development should focus on how to build a comprehensive, international energy company. .

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