Although data opacity makes objective analysis difficult, market observers reported in April that China has surpassed the United States as the world’s largest oil importer. This statistical inflection point needs context to understand global consumption trends. While oil bulls are anxious about China’s reduced crude growth appetite, fundamental shifts in Chinese currency and domestic consumption strategies point to long-term growth in Chinese hydrocarbon consumption generally. Geopolitical Considerations Keith Johnson wrote in Foreign Policy on May 11, 2015, "... China’s continued and, indeed, deepening reliance on volatile regions for the world for energy supplies, especially the Middle East, points to continued security vulnerabilities for Beijing for decades to come.” The recent South China Seas tensions confirm analyst observations that Beijing has strategic concerns surrounding safe hydrocarbon passage through the Malaccan Straits. China is taking advantage of lower priced crude today and ample crude tanker supply to build offshore and onshore reserves.
Source Forbes - Business http://ift.tt/1JCG0ur
ليست هناك تعليقات:
إرسال تعليق