Many people complain about how much oil China uses. But they forget that Chinese production has been steadily increasing, and they're making a lot of money in the process. Today, the news came out that PetroChina surpassed GE to become the 2nd-largest company in the world by market capitalization (behind ExxonMobil).
Consequently, what China does with its consumption AND production is relevant to the world of energy. Is this news a sign of things to come?
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Writing at the intersection of engineering, science and public policy for the world's energy challenges.
