China-Fracking-Oil & Gas drilling & pipelines are being built at record pace-Wants to be energy self sufficient
China’s technically recoverable shale-gas resources are estimated at 1,275 trillion cubic feet, while the U.S. has 862 trillion cubic feet of resources, according to the EIA report. China leads the world for recoverable shale-gas and oil resources. The American technology along with the pipelines being laid should move the country ahead with economic growth.
Sentiment: Hold