Competition between energies has gathered momentum, even in previously untouchable markets such as transportation.
In China, the sales of electric vehicles has jumped by 75 percent. Pollution in Chinese cities has decreased and encouraging renewable power and electric vehicles as well as natural gas makes sense.
Unlike the U.S., China isn’t an oil and gas powerhouse. Its strength is in manufacturing, not extraction. China’s aversion to oil is constraining investment in new oil and gas production.
Read the article at The Detroit News.