Building a world of
resilient communities.

MAIN LIST

 

China says oil imports will rise nearly 10 percent this year

BEIJING (AP) - China says its oil imports will jump by nearly 10 percent this year to 100 million metric tons (700 million barrels), making up 40 percent of its consumption.

The announcement by the National Development and Reform Commission comes amid soaring power demands by China's booming economy that have led to shortages in areas throughout the country.

China imported 91 million tons (640 million barrels) of oil last year, according to the government. Until the 1990s, China supplied all of its needs from its domestic oil fields.

The NDRC's projection for this year was reported Monday by the official Xinhua News Agency.

China has signed a string of deals to buy oil and gas from countries as far-flung as Sudan to Venezuela in recent years in an attempt to secure future supplies.

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.


It's not Rocket Surgery: Choosing an Indoor Mini Wood stove for a Tiny House

This article will focus on one item which can keep you comfortable in cold …

Peak Oil Review - Feb 8

 A weekly roundup of peak oil news, including: -Oil and the global …

California Offshore Oil Fracking Permits Halted While Federal Government Performs Environmental Review

The U.S. federal government will stop approving offshore oil fracking …

Peak Oil Review - a Midweek Update - Feb 4

 A midweek update. Price volatility increased this week with oil …

Renewables Could Outcompete Costly, Risky LNG, Investors Warned

A new industry report warns investors, governments and regulators that …

State of The Transition: Oil Oversupply, Shale Bankruptcies, Gas Leaks, and a Whiff of Securities Fraud

There is bad news everywhere for the oil and gas industry.

Once Unstoppable, Tar Sands Now Battered from All Sides

Is this the beginning of the end for the tar sands juggernaut?