"Probably half of the oil demand increase comes from China. Nobody knows when it (will) slow down."
More on The Energy China Syndrome
1994, the International Energy Agency released a statistic that attracted little attention but years later would transform oil markets and the global economy. China, the west's energy watchdog said at the time, had just become "a net importer of oil on an annual basis for the first time since the 1960s".
EPIC - The energy depletion and environmental consequences are game changing.
EPIC - The energy depletion and environmental consequences are game changing.