China's hunger for energy reaches America

China's growing hunger for oil as well as additional energy sources is expanding to America both North as well as South. In order to satisfy its appetite China has been spending vast billions of dollars in energy assets acquisitions. In contrast to the weakening demand for oil in the U.S., China's basic need for oil is growing at a rapid pace and is projected to even boost by 50% in the upcoming 8 years. Consequently, this is good news for the United States as with growing exports over the world, oil prices should decrease for the domestic market.