Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, March 12, 2015

China Builds Strategic Petroleum Reserves Amid Oil Price Plunge, but Still Lags Western Nations

China Builds Strategic Petroleum Reserves Amid Oil Price Plunge, but Still Lags Western Nations

By Tim Daiss
China Plans New Energy Strategy
The crude oil price plunge of more than 50% since last June has proved a mixed blessing for global economies. It has cut deep into the coffers of oil producing nations while providing much needed relief for oil and natural gas import dependent countries. China, the world’s second largest oil importer, is also taking advantage

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