China's Coming Energy Crisis

China is now the world’s largest energy producer, generating 90 percent of energy it consumes. But a white paper released by China’s State Council, which outlines the country’s energy development plans, acknowledges key issues that need to be resolved.Last year, China’s primary energy production reached 3.18 billion tons of coal, ranking first worldwide. Raw coal reached 3.52 billion tons, crude oil, 200 million tons; and refined oil products, 270 million tons.The installed electricity generating capacity achieved 1.06 billion…

Read more... Reported by OilPrice.com 12 minutes ago.