Forbes: China Is The World’s Largest Oil & Gas Importer
Everybody knows that China has been leading the world in new oil and natural gas demand, except for last year when the U.S. did it. But, what is not so commonly known is that China is now the largest oil and natural gas importer.
This is a really big deal for other consumers: oil and gas supply over 60% of the world’s energy. China has 1.4 billion people, a government obsessed with economic growth, energy usage that accounts for 25% of the world’s total, and an ever-extending global reach that has procuring energy supplies at its core, namely oil and gas in any area, any country at any time. Oil and gas constitute a rising 30% of China’s total energy demand.
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WNU Editor: And this trend is only going to increase with time.
