Abstract
This book provides a comprehensive and detailed overview of the Chinese oil industry, its four historical phases and its role in the industrialization of China. Resources and exploration, pipeline development, refining and marketing, petroleum and natural gas pricing policies, and international cooperation are all addressed, as are conservation, renewable energy resources, and environmental impacts. Also presented are peak oil models and a forecast of future trends in fossil fuel supplies through the middle of the twenty-first century. A key consideration is the declining trend in energy returned on energy invested (EROI) for oil and natural gas in China, which technology seems unable to reverse and which will have enormous consequences for the country’s economic prospects. The future of China’s coal production is also discussed.
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© 2013 Lianyong Feng, Yan Hu, Charles A.S. Hall, Jianliang Wang
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Feng, L., Hu, Y., Hall, C.A.S., Wang, J. (2013). The History of Chinese Oil Industry Development. In: The Chinese Oil Industry. SpringerBriefs in Energy(). Springer, New York, NY. https://doi.org/10.1007/978-1-4419-9410-3_1
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DOI: https://doi.org/10.1007/978-1-4419-9410-3_1
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