China Energy Cooperation With The Canadian Study

Energy is regarded as the blood of social advance and industrial development, as well as the crucial strategic resource for national politics,economics and military security. As the foundational energy currently consumed throughout the world, oil not only puts spurs to economic growth but also poses profound impact on the pattern of international relationships. It is reported that Canada holds approximately 95% of global oil sand reserves, which makes it rank number two in terms of crude oil reserves, second only to Saudi Arabia. However, according to statistics, more than 95% of Canadian oil is sold to the United States every year, which cripples the independence of Canadian energy policy severely. The degree of China's dependence on imported crude oil has increased year by year, and the first choice might be diversification of energy import and energy conservation.Throughout the history, China and Canada have cemented a profound relationship, and the Chinese oil enterprises are investing in exploring the Canadian oil sand under the strategy of"Going International". The Hubble-Administration's coming into office blocks the progress of Sino-Canada energy cooperation, nevertheless, the Global Financial Tsunami has shown the great contribution China's economy is making in the world economy's growth, which gives a new glimmer of morning twilight for the Sino-Canadian cooperation. As well as qualitative analysis, this thesis applies the game theory for quantitative analysis to demonstrate the necessity of Sino-Canadian energy cooperation. Finally, this paper further analyzes the deep-seated elements obstructing the cooperation, and offers feasible suggestions and possible countermeasures from the perspective of China.