Dow Jones is reporting that China 2013 oil demand is expected to rise by 4.8%. China's oil demand in 2013 is expected to rise to 514 million metric tons, up 4.8%, a research institute affiliated with China National Petroleum Corp., the country's biggest energy producer, said. But that is nothing compared to coal! According to the Energy Information Administration, China consumes nearly as much coal as the rest of the world combined. The EIA says coal consumption in China grew more than 9% in 2011, continuing its upward trend for the 12th consecutive year, according to newly released international data. China's coal use grew by 325 million tons in 2011, accounting for 87% of the 374 million ton global increase in coal use.
The biggest play for oil and natural gas is getting it to where it needs to be. Getting the infrastructure in place to transport our sudden abundance of energy is all the rage! Pipelines and rail and export terminals are going to get hotter and hotter. Some Highlights!
About the Author
Senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. He is one of the world's leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. His precise and timely forecasts have come to be in great demand by industry and media worldwide and his impressive career goes back almost three decades, gaining attention with his market calls and energetic personality as writer of The Energy Report. You can contact Phil by phone at (888) 264-5665 or by email at pflynn@pricegroup.com. Learn even more on our website at www.pricegroup.com.
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