Rather than pursuing increased sources of supply for the future and helping its oil and gas industry, the White House wants to use the strategic petroleum reserve as it did last year and end tax breaks for U.S. oil companies

China Oil Strategy: More Supply = Low Prices + Economic Growth

By Institute for Energy Research —— Bio and Archives--April 6, 2012

Global Warming-Energy-Environment | Comments | Back To Full Article

According to the Energy Information Administration (EIA), China became the world's fourth largest oil producer in 2010, beating out Iran, who formerly held that spot. Only Saudi Arabia, Russia, and the United States produced more oil than China in 2010. China's demand for oil is also growing.

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