The Reason Behind China's Interest in Canada's Oil Sands
Over
the past two decades, Chinese oil consumption has quadrupled to nearly
10 million barrels per day. For the past decade they have been on a
growth trajectory which has shown signs of slowing, but could
nevertheless see them overtake the U.S. as the world’s top oil consumer
by the end of the decade. As I have written before, I believe China’s
economy will be the single-biggest long-term driver of oil prices over
at least the next 5-10 years.As a result, China’s presence has been felt
across the globe as they aggressively make…Read more...
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