Reprinted by arrangement with the National Geographic Society from the book Dragon Rising: An Inside Look at China Today By Jasper Becker. Copyright 2006 Jasper Becker. So far it is China’s search to secure supplies of oil that is affecting the rest of the world. China’s biggest domestic oil fields in Daqing in the northeast and the Shengli oil fields in the Yellow River valley have now peaked. China is tapping new oil and gas fields in Xinjiang and off-shore in the Gulf of Bohai and the South China Seas. It is already in dispute with its neighbors like Japan and Vietnam over the rights to exploit underwater fields further offshore. And it is competing with Japan to buy Siberian oil and going head to head with India to stake out oil fields in Angola and Nigeria, and challenging the United States for access from its traditional suppliers like Saudi Arabia and Venezuela.
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