…right now there are regulators in the Chinese government that would like to increase competition, would like to see a more rapid growth in shale production but just are not that powerful relative to the ones that hold the power in the SOEs…
…we have entered into a fairly dangerous period of about five years, where we are congratulating ourselves on our great fortune of having all these additional tight resources that are simply not going to be there in ten years time…
…the question of geostrategic consequences on countries such as China is an issue where I believe we are not there yet…
…when Chinese companies started investing overseas, they didn’t have any experience with the downside of investing in risky places. Today, this has changed due to certain lessons in risk management…
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