Oil In China

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China is on the quest to secure massive amounts of energy. This demand for this overall energy is based on the fact that China is the country with the most population on the globe and with a rapidly growing economy. According to Jenkins (2012), over the last 30 years the GDP has increased over 9 percent annually, which makes China the second largest global economy. China has out ranked Germany in becoming the world's number one exporter (Jenkins, 2012). The developments from this growth are an across the board effect on motorization, urbanization, and industrialization which is manifested in the extensive construction of infrastructures and the extreme popularity of automobiles. The results of these factors are energy concerns, both environmental and precautionary, and a rapidly increasing demand for oil, particularly as a fuel for automobiles. Linwei, Feng, Zheng, and Pei (2012) asserts that views on the future oil consumption of China varies with support for oil independence, a steady course of oil reliance, or the suggestion of development of a limited level of substituting alternative fuels. Because of their desperate need for energy, China is pouring monies and labor into the expansion of other countries hoping to secure entrance and access to resources. These opinionated differences are forcing decision makers to evaluate the situation again and continue to study the development and future trends of oil in China. Although China is a coal producing country and has increased its natural gas usage, its need for oil is great, especially since in 2011, the International Energy Agency reports China's oil consumption growth was responsible for 50 percent of the global oil consumption growth. The country is searching for alternati...

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...ure, African oil will play a diminishing part in the energy strategy of the United States, making the U.S. dominant in the bilateral trade between African and the U.S., which will reduce economic value for Africa creating an unequal partnership. Contrarily, African oil is majorly important to China's energy strategy make the trade between China and Africa interdependent, giving Africa increasing initiatives and making this partnership more equal. China is proving to be a stable and large importer, demanding more products from Africa than oil; proving that China has learned from early mistakes. With their growing dominance in the global market, China will have to take more political risks in the future by making a stand on issues, such as human rights and terrorist activities. Their trade relationships in Africa could make a difference in development of global peace.

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