China, the world’s second-biggest oil user behind the United States, has recently scoured the globe for oil deals in Canada, Latin America and Africa.
Rapid Chinese oil demand growth was one of the factors that pushed U.S. crude oil futures above $55 a barrel.
“China’s energy needs are going to be enormous in the future,” said Christopher Hill, the State Department’s assistant secretary for East Asia and the Pacific.
“We are concerned that China’s need for energy and other resources could make China an obstacle to U.S. and international efforts to enforce norms of acceptable behavior,” Hill said.
Keep watching.
I reckon the U.S. demand for resources could make them an obstacle to China.