Building a world of
resilient communities.

MAIN LIST

 

China's crude oil output to peak at 200 million tonnes in 2015

BEIJING: China's crude oil output will peak at 200 million tonnes annually in a decade, but even that will be far from enough to cover the country's voracious energy needs, state media said.

The prediction for crude oil production in 2015 has been made by the State Information Center, a top government think tank, based on present oil extracting technology, the Xinhua news agency reported.

China's output of crude oil reached 170 million tonnes last year, up from just 120,000 tonnes at the start of the communist era in 1949, according to previous reports.

The problem is that even though domestic output will continue to grow, it will be in no position to meet demand.

Crude oil consumption is forecast by the think tank to hit 350 to 380 million tonnes as early as 2010, up from a little more than 250 million tonnes last year.

China, the world's second-largest oil consumer after the United States, has been a net importer of oil for the last 10 years as domestic supply fails to keep up with soaring demand.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Tags:  

Take the Money and Burn: How CEO Pay Accelerates Climate Change

Perverse Pay Incentives Reward Fossil Fuel CEOs for Putting Planet at Risk

Peak Oil Notes - Sep 2

The last ten days have been among the most volatile for the oil markets …

Hundreds Rally in Alaska to Tell Obama ‘Climate Leaders Don’t Drill the Arctic’

Climate groups rallied in Anchorage, Alaska to demand that the U.S. …

U.S. tight oil production decline

U.S. oil production has begun to drop in response to low oil prices, but not …

Europe Oil Consumption Peaked in 2005

Consumption peaked 7 years after the production peak and is falling now in …

Peak Oil Review - Aug 31

 A weekly roundup, including: -Oil and the global economy -The Middle …

Peak Oil Notes - Aug 27

A midweek update. Oil prices fell sharply on Monday in response to another …