BEIJING -- According to a posting forward the BBC news site.

BEIJING -- According to a posting forward the BBC news site, China is not the biggest oil consumer in the world, that prize goe to America, nor is it the biggest importer, which is also the U What China outdoes the stillness of the world at is the expansion of its appetite.

Ten years ago China imported no oil at all. Last year it overtook Japan to become the world's other biggest importer. Its thirst continues to extend Imports are expected to rise another 40 for cent this year. Beijing, alone, now has more than sum of two units million private cars including a growing number of gas-guzzling SUV's.

For 40 years the Da Qing oil field has kept China self sufficient.

No longer The search for oil has become frantic: China has tried to purchase up oil fields in central Asia with mixed consequence s The truth is that China is facing an potency shortage. Even its massive coal supplies cannot hold up with demand. In the factories of east China this summer the lights have been going abroad Presently, China is negotiating with Sudan and Nigeria, Russia and Iran. China's appetite for oil exhibits no sign of slowing.

Today China has 10 million private cars: at 2020 that number will be 120 million.

...

Home