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![Page 1: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/1.jpg)
China and India’s Ravenous Appetite for Natural Resources― Their Potential Impact on Colorado
Vince Matthews
Director Colorado Geological Survey
![Page 2: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/2.jpg)
YOUR YOUR Geological Survey !!!Geological Survey !!!
Understand the Geology of Groundwater ResourcesPromote Mineral and Mineral Fuel Resources
Colorado Avalanche Information Center
Reduce Impact of Geologic HazardsEducate the Citizens of Colorado
Assist State and Federal Agencies
![Page 3: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/3.jpg)
Everything you need to know about Mineral and Energy in Colorado
![Page 4: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/4.jpg)
Production of Natural Resources is an Important Part of Colorado’s Economy
$11.8 billion
![Page 5: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/5.jpg)
Revenue comparison of Colorado’s Important Economic
Sectors11.8
8.2
6.4
0
2
4
6
8
10
12
2005
Minerals & Energy
Agriculture
$ Billion Tourism
![Page 6: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/6.jpg)
Distribution of Colorado Mineral & Energy Value 2005 ($ Billions)
CO2 (0.200)
Natural Gas
8.1
Oil1.2Minerals1.5
Coal0.8
Uranium
0.007
![Page 7: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/7.jpg)
ChinaIndia
U.S.
![Page 8: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/8.jpg)
0
200
400
600
800
1000
1200
1400
China U.S. India
Population Comparison
China
U.S.
India
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Land Area Comparison
0
1
2
3
4
5
6
7
8
9
10
China U.S. India
China U.S.
India
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0
2000
4000
6000
8000
10000
12000
China U.S. India
GDP Comparison
China
U.S.
India
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0
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2
3
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8
9
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China U.S. India
GDP Growth Comparison
China
U.S.
India
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Japan GDP
World Electrical Growth
World 6.3
China/India/U.S. 3.4
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World Electrical Growth
India 0.4
U.S. 1.1 China
1.9
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World Electrical Growth
Africa
Asia-Pacific
Europe-Eurasia
Middle East
South & Central America
North America
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China’s Share of World Mineral Production in
2003
Commodity Percentage RankCoal 45 1Oil 4.7 6Cement 42 1Fluorspar 55 1Rare earths 85 1Aluminum 18 1Antimony 89 1Copper 12 2Gold 8 4Lead 18 2Magnesium 45 1Molybdenum 24 3Silver 12 3Steel, crude 23 1Tin 32 1Tungsten 83 1Zinc 22 1
Source: USGS, Kenzie, et al
![Page 16: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/16.jpg)
China’s Production and Consumption of Copper
Productionsupplemented by imports43%
Importe
d!
Source: USGS, Kenzie, et al
![Page 17: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/17.jpg)
China’s Share of World Mineral Production in
2003
Commodity Percentage RankCoal 45 1Oil 4.7 6Cement 42 1Fluorspar 55 1Rare earths 85 1Aluminum 18 1Antimony 89 1Copper 12 2Gold 8 4Lead 18 2Magnesium 45 1Molybdenum 24 3Silver 12 3Steel, crude 23 1Tin 32 1Tungsten 83 1Zinc 22 1
Source: USGS, Kenzie, et al
![Page 18: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/18.jpg)
Leading Importers of Iron Ore—1980–2003
Sources: U.S. Geological Survey Minerals Yearbook; United Nations Conference on Trade and Development.
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Trends in Demand for Steel
150
200
250
300
2001 2002 2003 2004
Year
Millio
n m
etr
ic t
on
s China
Other AsiaEuropeAmericas
150
200
250
300
2001 2002 2003 2004
Year
Millio
n m
etr
ic t
on
s China
Other AsiaEuropeAmericas
Source: International Iron and Steel Institute.
![Page 20: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/20.jpg)
World Energy Consumption
Hydro
![Page 21: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/21.jpg)
World Energy Consumption
Oil
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OIL CONSUMPTION- China
Source: BP
49%
Imported!
![Page 23: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/23.jpg)
OIL- CONSUMPTION India
Source: BP
69%
Imported!
![Page 24: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/24.jpg)
OIL- U.S. Consumption
67% imported!
![Page 25: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/25.jpg)
Mexico’s declining production at Cantarell field accelerating
Mexican state oil company Pemex said Wednesday that production at its Cantarell oil field, the world’s second-largest, will drop faster than expected. 08/03/06
54 of the world’s 65 oil producing countries are in decline!
![Page 26: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/26.jpg)
OIL Price$70.85Late- August
$75.12 This Spring
![Page 27: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/27.jpg)
Colorado Impact
Oil prices increased 186% since 2002
Colorado’s production decline reversed in the last 5 years
Wattenburg is the largest oil field west of the Mississippi (outside of CA and TX).Rangely still has large reserves (57R/65P).
Commerce City refinery will be processing Canadian oil sands.
0
5
10
15
20
25
30
35
40
45
50
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005
Mill
ion
Bar
rels
Colorado Oil Production
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Oil shale is being seriously re-appraised.
![Page 29: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/29.jpg)
World Energy Consumption
Natural Gas
![Page 30: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/30.jpg)
NATURAL GAS CONSUMPTION - China
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NATURAL GAS CONSUMPTION - India
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NATURAL GAS CONSUMPTION - U.S.
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82%
Natural Gas- U.S. (Production)
![Page 34: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/34.jpg)
NATURAL GAS- U.S.
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$9.98Mid- August
NATURAL GAS- U.S. Price
![Page 36: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/36.jpg)
![Page 37: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/37.jpg)
Colorado has all, or parts, of seven of the top 50 natural gas fields in the nation!
![Page 38: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/38.jpg)
0
1000
2000
3000
4000
5000
6000
7000
2001 2002 2003 2004 2005 2006
93% Increase!
Colorado Drilling Permits
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13 1318
32
28
39
64
74
0
10
20
30
40
50
60
70
80
90
100
1998 1999 2000 2001 2002 2003 2004 2005 Today
Colorado Drilling Rigs
![Page 40: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/40.jpg)
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0
200
400
600
800
1,000
1,200
1,400
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005
BC
F
Colorado has the fifth largest gas reserves in the nation.
Colorado has the largest reserves of coalbed methane in the nation.
Gas prices increased 186% since 2002
Colorado is the sixth largest gas producer in the nation.
Colorado Natural Gas Productionincreased 21% in 2005
Colorado Impact
Colorado Natural Gas Production
![Page 42: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/42.jpg)
World Energy Consumption
Coal
![Page 43: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/43.jpg)
COAL- China
![Page 44: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/44.jpg)
COAL- India
7%
imported!
![Page 45: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/45.jpg)
COAL U.S.
![Page 46: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/46.jpg)
Colorado has the seventh largest bituminous coal reserves in the nation.
Colorado has the largest reserves of compliance coal in the nation.
Spot prices increased 76% since 2003
Colorado is the sixth largest coal producer in the nation.
Colorado Impact
0
5
10
15
20
25
30
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45
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005
Mill
ion
Tons
Colorado Coal Production
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World Energy Consumption
Nuclear
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NUCLEAR- China
![Page 49: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/49.jpg)
NUCLEAR- India
![Page 50: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/50.jpg)
NUCLEAR- U.S.
Last nuclear power plant came online.
![Page 51: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/51.jpg)
The world’s existing 435 nuclear reactors currently need 180 million pounds of uranium each year.
0
20
40
60
80
100
120
140
160
180
Million Pounds
Needed Produced
80 million pound gap
![Page 52: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/52.jpg)
Uranium prices more than quadrupled since 2003
$41.50
![Page 53: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/53.jpg)
Colorado Impact
![Page 54: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/54.jpg)
~ $2.00/lb in 2002
$40/lb in July!
MOLYBDENUM Price
![Page 55: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/55.jpg)
Colorado MOLYBDENUM Production
0
20
40
60
80
100
120
1970 1975 1980 1985 1990 1995 2000 2005
Mil
lio
n P
ou
nd
s
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Precious Metal Increases Silver207%
Platinum 250%
Gold 140%
![Page 57: China and India’s Ravenous Appetite for Natural Resources ― Their Potential Impact on Colorado Vince Matthews Director Colorado Geological Survey.](https://reader038.fdocuments.in/reader038/viewer/2022110400/56649dbf5503460f94ab3d8d/html5/thumbnails/57.jpg)
Base Metal Increases Zinc 385%
Copper 390%
Lead 222%Aluminum
142%
Nickel 408%
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Antimony
Titanium
Cadmium Chromium
Cobalt
Indium Magnesium Selenium
Tungsten Vanadium
Percent Price Increase 01/2001 – 06/0501/2004 – 06/05
150%
633%
48% 100%
966%
920%
60% 1733%
400%
428%
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22% Imported
Cement producers
1. China
2. India
3. U.S.
China Consumes ½ of all the concrete in the world
20032004
U.S. cement manufacturing is 81% foreign owned
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“Chinese companies and their rivals are scouring the globe from Australia to Africa for access to the raw materials needed to sustain the Asian nation’s growth as commodity prices surge.”
--June 23, 2006 (Bloomberg)
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China2005 – Opened 70,000 new supermarkets
2006 – Will become #3 car manufacturer
– 42% increase in capital investment
11th Five-year plan
- Plan to build the equivalent of three Manhattan Islands
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Overall ImpactsColoradans will suffer from effects of inflation
Coloradans may see increasing shortages of critical raw materials
Conflicts may arise with multi-national corporations operating in Colorado
Pressures will mount to develop more of Colorado’s natural resources
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The End!
Of the talk, that is.