Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Monday, March 22, 2010

China vs USA - The Battle for Oil

Today, China is the second largest consumer of oil, just after the United States.

But with one of the highest rates of growth on the planet, its energy needs are increasing seven times faster, while its reserves are depleting.

China is unable to produce the oil it needs today. It has to import half of it. In the next three years this number will increase to two-thirds, if not its whole economy will collapse.

Lacking its own source of oil, China is dependent on the rest of the world.
Hence it's imperative to find new countries to provide it and secure these supplies in an increasingly unstable world.

In this crusade for black gold, China is already in direct conflict with the current greatest consumer of the world's oil: the United States.

No comments:

Post a Comment

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
Related Posts Plugin for WordPress, Blogger...