China crude oil import dependence keeps rising, currently standing around 72%.
Daily crude oil consumption is about 13 million barrels per day. China need to import 10 million barrels per day to meet their demand.
Pollution is very bad in China, electrification is one of the key Solutions.
As some estimated the electrification would reduce China crude oil consumption from 650m tons p.a to 250m tons, where will China source massive lithium in the future?
The total consumption of petroleum crude oil will be greatly reduced, possibly falling from 650 million tons to less than 250 million tons in China. LY said new energy
2019-04-08 22:12
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The total consumption of petroleum crude oil will be greatly reduced, and the consumption of crude oil in China may be reduced to 650 million tons to less than 250 million tons.
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