Review of International Energy News

◆ Gold and currency are not much affected by QE4 in the U.S.A.

◆ OPEC predicts that the first half year of 2013 will see a declining demand of oil on a global scale.

◆ World Energy Outlook 2012 released by IEA points out several issues: a. the renewable energy resources will accounts for one third of the global aggregated electricity generation by 2035. b. the world population will increase by 1.8 billion by 2035, which imposes great pressure on the oil consumption. c. the U.S.A might be the biggest oil producer in the world by 2017 and achieve self- energy-supplied by 2035.

Review of Domestic Energy News

◆ Another 7 billion RMB is invested in CV industry.

◆ The first IGCC key station is put into use for electricity generation.

◆ New tax on liquid oil product is imposed, aiming to restrict tax evasion.