China’s Energy Demand May Not Increase Until 2017

In this post I revisit the energy production and consumption data for China looking for clues about the future direction of global energy markets. China now consumes 23.2% of all energy consumed on Earth and clearly what happens in China will impact the whole world. Figure 1, lifted from the 2015 BP Statistical Review, shows how dramatically growth has slowed in China. Energy intensive steel and cement are barely growing as the era of industrialization and building infrastructure comes to an end. So may this, in part, explain the 2014 oil price crash?

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