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Monday, August 11, 2008

China’s Growing Pipeline into Canada.

The Cutting Edge News, August 11, 2008 - “China’s relentless quest for energy has brought it to the U.S. neighboring country of Canada. Fifteen years ago, China did not import any oil at all. Today, however, the Asian country is the world’s second largest consumer of oil. In 2004, oil imports to China are said to have increased by 37 %, which contributed to soaring oil prices around the world. [snip] The significance of China extending its pursuit of oil into Canada is that Canada has been the number one source of U.S. oil imports for the past decade.” Read more.

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