Oil Industry History

Leave a Reply.

Did they invent everything? No, but it can sometimes seems like it. Many people in the West are wrongly given credit for inventions that have origins centuries before in China.

Take the game of Golf for example. Scotland claims to be the inventor and "home of golf". While it is true that Scotland laid down the rules and established the game as we play it today, there is proof that China was playing something similar some 100 years or more before any mention of the game in Scotland.

Similarly, the oil industry in China had a very early birth. As early as the fourth century the Chinese were sucking oil out of the ground through bamboo pipes.

The Chinese offshore oil industry began in the 1950s and after a slow start has continued to grow to a significant producer.

On land there are oil and gas reserves in many parts of China including massive oil fields in Tibet. Because of the controversy surrounding China's 1949 invasion and occupation of Tibet, most non Chinese companies are not interested in working in Tibet.

China is a Net importer and has rapidly become a massive user of oil, pushing up worldwide demand and prices.

See also China consumption and production charts.

Leave a Reply.

Leave a Reply :- Name (Optional) Country/Location (Optional) Website (URL)(Optional) * Comments (Required)