China vs the US: The Battle for Oil – video

The Most Revolutionary Act

China vs the US: The Battle for Oil

Directed by Jean-Kristophe Klots (2012)

Film Review

The Battle for Oil is about the battle between China and the US over the world’s dwindling oil reserves. Globally China is the second biggest oil consumer – after the US. Owing to its dwindling reserves, they import two-thirds of their oil. High domestic demand for oil leads to periodic power blackouts and long queues at services stations.

China has three state-owned oil companies employing tens of thousands of workers, mainly in London, Singapore, New York. The country’s high demand for oil has led to major investment in African and South American oil producers. Rather than buying barrels of oil, China seeks investment in oil production capacity. Chad, Sudan and other African countries have granted them major oil concessions in return for major infrastructure investment in ports, railroads, telecommunication networks, schools, and clinics.

China’s ability…

View original post 143 more words

Post a comment or leave a trackback: Trackback URL.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: