Detailed text transcripts for TV channel - FOXNEWS - 20120329:20:03:00
Development without abundant resources so they have written a blank check for petrochina to do deals with state-owned oil companies all over the world to make sure china gets all the oil it needs. in 2005 china used five million barrels a day and this year it is ten million barrels a day. that is a tripling of the oil consumption over a ten-year-period. and we use 20 million barrel as day in a full economy and we are down to 18 million now given all the layoffs and the recession we had. but we o...
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