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China on pace to pass U.S. for World’s biggest oil importer by 2017… US is becoming more “North American-centric”. Louisiana Midstream Texas Upstream 

China on pace to pass U.S. for World’s biggest oil importer by 2017… US is becoming more “North American-centric”.

According to a report released this week by Wood Mackenzie, China and the U.S. are heading in opposite directions for crude oil imports.  If the trends continue, China will be the world’s largest importer of oil by 2017.  This shift has been driven by two things.. 1) More Chinese consumption (notably the increase in automobiles on the roads.. from 20... Read More