Showing posts with label China vs the US. Show all posts
Showing posts with label China vs the US. Show all posts

Sunday, March 21, 2010

China vs the US - The Battle For Oil

China vs the US - The Battle For Oil

The figures speak for themselves today China is the second largest consumer of oil just behind the United States and with an average annual growth of around 8% , China's energy needs are increasing substantially , China has to import half of its oil needs in three years time the figure will be two thirds , without that oil China economy will go to the ground , China must find and supply new sources of oil all in an increasingly unstable world ..in this crusade for the black gold China finds itself toe to toe with the largest consumer of crude oil the United States of America


OIL & GAS MARKET