Managing The Dragon

When I met recently with a senior investment officer from China Investment Corporation (“CIC”), the country’s sovereign wealth fund, I was told that CIC is very bullish on the United States. Why? In CIC’s opinion, the existence of large shale gas reserves in the U.S. will provide a massive shot in the arm for the [...]

Will the Chinese buy A Tesla? The management of Tesla Motors, Inc. (NasdaqGS:TSLA) certainly hopes so. At the Detroit Auto Show, Tesla announced its plans to open a dealership in Beijing — its first store in China — this spring. George Blankenship, the company’s vice president of worldwide sales, said the store will house an [...]

Last Friday, the Canadian government approved China’s biggest overseas energy acquisition, a $15.1 billion takeover of Nexen Inc. (NYSE: “NXY”) by CNOOC Ltd. (NYSE: “CEO”). State-owned CNOOC is China’s largest offshore driller, while Nexen is a Calgary based independent energy company that operates in Canada, the United Kingdom, and the United States, and offshore West [...]

With annual sales of approximately 19 million vehicles, China’s auto industry is now, by far, the largest in the world. Not content to be the world’s volume leader, though, government and industry leaders now share a common objective: “To make China’s auto industry the innovation leader by 2020.” To underscore this objective, Clean Energy Vehicles [...]

With the price of a gallon of gasoline in the United States now at $4 — and climbing — CNBC’s Rick Santelli is making it his personal mission to demonstrate to the world that cars can easily be converted to run on natural gas. Santelli is best known for starting the Tea Party movement with [...]

If you haven’t read The Prize: The Epic Quest for Oil, Money & Power by Dan Yergin, I would encourage you to do so. I’ve read it twice (all 928 pages), once in the mid 1990s and then again several years ago when oil prices were peaking. In The Prize, which won the Pulitzer Prize for [...]

As China and Russia enter their second decade of “good neighborliness and friendly cooperation,” the Sino-Russian relationship appears to be stronger than ever. Healthy relations at the top are now resulting in more commercial ties between Chinese and Russian companies. As one of the world’s largest energy producers, Russia has turned to China as one [...]

There is no more attractive market for a company that provides goods and services to the power sector than China’s electricity industry. It is big, fast-growing and open to new ways of powering the Chinese economy. Moreover, the Chinese companies that are building out China’s power generation and transmission industry are well positioned to do [...]