For more than a decade China has been making headlines in energy - TopicsExpress

For more than a decade China has been making headlines in energy news, always at the superlative degree and always as the emerging superpower comparable to the US, the reigning super power. Despite US involvement in two wars and reducing dependence on foreign oil imports thanks to a domestic renaissance of its oil and gas industry, it is the impact of China that is prominent on the world news stage. There were people who believed the Chinese propaganda which, until 1990, was telling the world that China would continue to be self-sufficient in oil production. That was until 1993, when the cross-over between the production and consumption curves became transparent and frighteningly obvious. From then on, Chinese oil demand never looked back and posed some of the most startling trends in the world. The most noteworthy of which was an unprecedented rate of growth of more than 20 percent per year, three years in a row, in the early 2000s.

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