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Monday, July 19, 2010

China World's Biggest Energy Consumer

China is now the world's biggest energy consumer, surpassing the US.

I forget but I thought this milestone was not predicted to occur until several years from now. If my memory is correct, it suggests that the recession in the US contributed to this happening sooner than later, as noted in the linked article.

Regardless, this is a huge story.

I've posted several times about the aggressiveness of China to snap up oil assets around the world, no doubt playing by different rules than the US.

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