HP Impact: China's economic boom creates global ripples in energy markets
Between 2000 and 2004, China accounted for an astounding 40% of the total growth in world oil demand, and its rapid economic growth has turned it into the world's second-largest oil market. Analyzing ..
Between 2000 and 2004, China accounted for an astounding 40% of the total growth in world oil demand, and its rapid economic growth has turned it into the world's second-largest oil market. Analyzing the economic boom-driven energy supply quandaries facing China is the subject of a new report by Cambridge Energy Research Associates (CERA).
?Blistering economic growth in China, and its surge effect on demand for energy (along with most other commodities), have pulled international energy markets onto the tiger's back,? according to CERA Chairman Daniel Yergin.
In a decade, China has gone from self-sufficiency to being the most dynamic factor in the world oil market and one of t
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