China Secures Oil and Gas Resources; U.S. Prefers to Wait for Green Energy

By Institute for Energy Research
Monday, December 14, 2009

Around the world, China is investing in oil and gas resources to fuel its booming manufacturing industries and transportation sector to continue its sky-rocketing economic growth.

China is not endowed with very much oil and gas resources of its own. Thus, it needs to partner with countries around the world to ensure availability of future supplies of oil and natural gas that it will need to keep up its current pace of economic growth. The U.S., which does have oil and gas resources, is not following China’s lead in investing in these resources. the rest

As Democrats Dither – China Gobbles Up Oil & Gas Reserves In Canada & Gulf of Mexico