China’s Oil Discoveries – 1.08 Billion Tons

China’s voracious energy needs have been a source of concern for government officials for years. Ironically, China was a net oil exporter until the early 1990s and became the world’s second-largest net importer of crude oil and petroleum products in 2009. In 2010 it became the largest global energy consumer.

Read more: http://tinyurl.com/lqftt4x