China leaps ahead of the US

According to International Energy Agency, China moved ahead of the U.S. as the world’s biggest energy user, emphasizing that developing nations are driving global growth. Stastistics say that China consumed 2,252 million metric tons of oil equivalent in 2009 in the form of crude, coal, natural gas, nuclear power and renewable sources; compared to 2,170 million tons used by the U.S.

This could very well be a turning point with OECD countries talkign about oil demand peaking, whereas emerging countries like China and India will keep growing their energy demand. As China overtakes the U.S. as the world’s largest energy consumer, it is not only a domestic issue for China, but has repercussions for the rest of the world not only in supply terms, but also in how the energy is consumed- e.g. if China uses electric cars, hybrids and so on, they will impose the manufacturing line on most of the rest of the world.

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