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Monday, January 9, 2012

China To Pass USA As Largest Oil Importer In Less Than 36 Months --

Link here -- according to Goldman Sachs:
China is due to overtake the United States to become the world's biggest oil importer within a year and a half, ...
U.S. oil imports have slid by 40 percent over the past several years as technological innovation in areas such as shale gas has boosted output, while demand has soared in China,...
Of course, there are at least three stories in those two short paragraphs.

Oh, at least four stories if you include the story that the Keystone XL 5.0 will be laid east-to-west with terminal on west coast, operated by the Chinese. (For newbies, Keystone XL 1.0 has been killed by the administration/withdrawn by TransCanada; Keystone XL 2.0 will be submitted to the president to review, which will be similarly killed; and, then it will be on to Keystone XL 3.0. Very similar to all the Microsoft Windows upgrades.)

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