How much more will China economy grow?Rice University study says Asian giant’s oil consumption possibly could match that of U.S. by 2040; new car fever sweeps the nation Wesley Loy For Petroleum News
China’s emergence as an economic powerhouse has received plenty of notice.
Now comes a startling new picture of that country’s phenomenal growth.
China’s total oil demand could reach more than 19 million barrels per day by 2040, a level comparable to current U.S. consumption, says a report from Rice....
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