Watching Government - Energizing China

11/24/2003
The US should work harder to bolster energy ties with China, industry experts and academics told an Oct. 30 hearing of the US-China Economic and Security Review Commission. The US Congress created the commission in 2000 to review national security implications of trade and economic ties between the two nations.China is expected to surpass Japan as the world's second-largest petroleum consumer for 2003, with demand forecast to increase rapidly over the next 2 decades, US Energy Information Administrator Guy Caruso testified. Much of China's imported oil will come from the Middle East; the country is also expected to be a large LNG importer by 2005.Current agreementA 2000 US-China b...
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