Has China already reached peak oil? The country’s demand for crude seems to be plateauing sooner than expected.
Source: IntrepidGentian
Has China already reached peak oil? The country’s demand for crude seems to be plateauing sooner than expected.
Source: IntrepidGentian
3 Comments
I think the only way it increases is if they find a new market to buy from their manufacturing industries. The USA still buys a crap ton from them (some of it actually crap) but I can imagine that will go down in the incoming administration.
Have to wonder if they’re playing it smart to extend their resources over a longer period of time, meanwhile the US is trying to find new ways of emptying all the oil we have.
Their state oil company is currently predicting 2027 so it is clearly plateauing rapidly.
I love articles that are titled “has this thing happeded ?” and then mid way through the article they go “the most qualified entity in the world has said this hasnt happened and it wond happen for a few years” then spends half an article were a nobody speculates otherwise. China will peak at 2027 and from then its decline saved you a click