What does America's energy revolution mean for China?

摘要

Recent development in the USA of technologies for extracting oil and natural gas from shale formations are changing the global energy landscape. Thanks to hydraulic fracturing or tracking, US oil production has grown from 5.1 million barrels a day in 2006 to 8 million in 2013 and US oil imports have dropped to their lowest level in 20 years. According to the International Energy Agency the USA will become the world's number one oil producing country by 2015. In natural gas, US performance has been no less impressive. Natural gas production rose 50 per cent between 2005 and 2013, and the USA is about to assume an important role in the global market for liquefied natural gas (LNG).