“About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.” WorldYearsHeartGrowthMillionsIssuesPeriodsDemandChinaOilAround The WorldDevelopingGasConsumptionCrudeBarrelsCrude OilOil Consumption Author:John S. Watson
“Chinese growth will either be strong or very strong. They have a voracious demand for energy that will only continue to grow. What they're doing... is looking at all forms of energy. They're going ahead very strongly with coal, nuclear, oil, natural gas.” FormEnergyStrongGrowsGrowthNaturalDemandOilNuclearChineseGasVery StrongCoalNatural Gas Author:John S. Watson
