Find Couple More Planets or Face Global Oil War
N class=textcopy>THE world faces the real threat of a new conflict over oil as China competes with existing world powers for scarce resources to feed its growing economy, according to a report published today.
The State of the World 2006, released by the Worldwatch Institute, says that last year China became the second- largest importer of oil, after the US, while consuming 26 per cent of the world’s steel, 32 per cent of rice production,
While environmentalists are concerned about the impact on the world’s climate and the drain on its resources, strategists fear that the competition for energy, particularly oil, could destabilise the planet. According to the report, China was nearly self-sufficient in oil in the mid-1990s. But over the past decade its consumption has doubled and it has now overtaken Japan as the second-largest importer of oil, with 3.2 million barrels a day in 2004.
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