MercoPress. South Atlantic News Agency
China to overtake US as main oil importer by 2014 says OPEC
China is on course to overtake the US as the world’s top crude importer by 2014, as the Asian country’s growing refining capacity boosts demand and America’s fracking boom cuts the need for foreign oil, OPEC said in its monthly report. Read full article
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Disclaimer & comment rulesDear People's Republic of China
Apr 25th, 2013 - 10:27 am - Link - Report abuse 0Please accept our sincere felicitations in almost reaching this milestone on your path to further integrating into the world economic system.
As a token of our gratitude and congratulations, we hereby bequeath to you the Middle East. May you find as many fascinating conundrums as we have over the past several decades in our quest to ensure the continuing supply of oil.
Sincerely,
The United States of America.
Oil is like heroin
Apr 25th, 2013 - 11:19 am - Link - Report abuse 0China might also become the world's largest economy as early as 2016!
Apr 25th, 2013 - 04:33 pm - Link - Report abuse 0with 8 times to population of the USA, wouldn;t you think it's about time?
Apr 25th, 2013 - 04:41 pm - Link - Report abuse 0They have to import fuel and food at a premium. Their wages are increasing, their environmental damage is flabbergasting, pollution is so bad JAPAN complains about it, 1 BILLION people live on less than $5 day, and the provinces are in constant civil unrest.
Apr 26th, 2013 - 11:28 am - Link - Report abuse 0They have a long long way to go to supersede the USA in any useful stat.
# 6 - Except for having a bigger economy, because that's about to happen very soon. And as far as comparing living standards, it would take China a long time to have the living standards of the US, just as it would take the US a long time to be able to have the living standards of more developed nations, like Sweden.
Apr 26th, 2013 - 03:14 pm - Link - Report abuse 0Brazilian you keep posting the same stupid drivel after I have explained to you how it is not possible.
Apr 26th, 2013 - 10:39 pm - Link - Report abuse 0Even with 8.5% YEAR OVER YEAR WITH COMPOUND INTEREST by 2016 china is still 2/3 of the USA economy.
They will never see 8+ growth this decade
Those days are long gone
Brazilian you are the most ignorant person in this forum along with Stevie.
Apr 27th, 2013 - 01:43 am - Link - Report abuse 0The US is becoming energy self sufficient it will be the largest energy exporter of energy in the world by 2017 and that along can tell you where the Chinese economy is going it will depend on a unstable middle east the us will retrieved from the middle east since there is no need for the militarily to secure the source of oil the us economy will never be surpassed by China since we control the food supply and energy who can compete with the US. China import food you idiots!
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