Does china export oil?

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Does china export oil?

Just wondering...

If they did...why do we depend on middle east oil?

2007-03-25 19:54:34 · 3 answers · asked by charming_imogen 2 in Social Science ➔ Economics

3 answers

No, they import oil.

2007-03-26 03:36:16 · answer #1 · answered by Dr Dee 7 · 0⤊ 0⤋

Not nearly as much as they import "Oil - exports: 443,300 bbl/day (2005)," compared to importing 3 million a day, and growing. Canada will soon become our second largest supplier. For the immediate future, China and US need middle eastern oil to thrive. Every meal you eat is supplied by trucks and vehicles that run on refined oil - gas. Change that and you change the game.

2007-03-25 20:05:57 · answer #2 · answered by Billy Dee 7 · 0⤊ 0⤋

Look into HESS Corp., on the NYSE everyday.

2007-03-25 20:00:56 · answer #3 · answered by SHANNON J 1 · 0⤊ 0⤋