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China, Africa, and Oil

Posted by Matt in June 7th, 2008

With energy demand spiking, China looks for answers in Africa. But Western investment and influence still dominate the continent’s oil market.

As global demand for energy continues to rise, major players like the United States, European Union (EU), and Japan are facing a new competitor in the race to secure long-term energy supplies: China. As its economy booms, China is intent on getting the resources needed to sustain its rapid growth, and is taking its quest to lock down sources of oil and other necessary raw materials across the globe. As part of this effort, China has turned to Africa, an oil-producing source whose risks and challenges have often caused it to be overlooked economically. Some reports describe a race between China and the United States to secure the continent’s oil supplies. Others note that while Chinese interests in Africa have surged, Western states still make the vast majority of investments in Africa and remain highly influential.

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Video: Darfur,Sudan,Oil,America and China

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[Countries link to CIA Factbook. States link to Wikipedia.]


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