China Overtakes the US to become the World’s Largest Oil Importer
For
the first time in almost 40 years, the U.S. has lost its top net oil
importer position to China according to preliminary figures published by
the U.S. Energy Information Administration (EIA).Although not set in
stone yet, the news is considered by specialists as a
“once-in-a-generation shift that will shake up the geopolitics of
natural resources.” However, the energy market has to wait for further
monthly figures before the swing can be confirmed. This is partly
because taxes may have distorted estimates for December’s…Read more...http://oilprice.com/Energy/Crude-Oil/China-Overtakes-the-US-to-become-the-Worlds-Largest-Oil-Importer.html
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