US DOE assesses economic effect of China’s energy push

Rapid growth in demand for energy in general and oil in particular puts China in need of an energy policy able to manage consumption and increase indigenous supply.A recent US Department of Energy report assesses China’s push for stability of energy supplies and the effects of its emergent energy policy on world markets.DOE observed: “Over the past two decades, China has experienced major economic and social-and, to a far lesser extent, political-changes as a result of Deng Xiaoping’s historic call for ‘socialism with Chinese characteristics.’” The results from these changes, DOE reported, have been “explosive economic growth, a dramatic migration...

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