From BBC NEWS:
In 2003, China raced past Japan to become the world’s second biggest consumer of petroleum products after the US.
In 2004, its thirst grew by 15%, while its output only rose 2%.
“They have a problem,” says Philip Andrews-Speed, an energy analyst at Dundee University and former BP China executive.
China accounted for 40% of the growth in oil demand over the last four years, says the US Energy Information Administration (EIA).