Abstract
The economic growth of China during the last several decades has been the energy of much of the developing world. It is usually assumed that this growth is due to the special effectiveness of Chinese workers or engineers or to special Chinese political actions. While these issues are certainly true a more important factor appears to be the effectiveness of China’s industry in exploiting and harnessing energy. Take oil as an example, in the early of twentieth century, China began to use its first industrial well to extract oil with the production of one ton per day; from 1950 to 1952, along with increased exploration efficiency, crude oil production increased to 375 thousand tons; in 1998, the Chinese achieved the integrated operation of the industry including the upstream and downstream chains, with the production of 160 million tons, then China’s oil production increased to 200 million tons in 2010.
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Notes
- 1.
We convert all physical units (ton, bcm, etc.) into joules using conversion factors (1 kg crude oil= 41.8 million joules; 1cubic meter=38.9 million joules; 1 kg raw coal= 20.9 million joules).
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© 2013 Lianyong Feng, Yan Hu, Charles A.S. Hall, Jianliang Wang
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Feng, L., Hu, Y., Hall, C.A.S., Wang, J. (2013). Summary. In: The Chinese Oil Industry. SpringerBriefs in Energy(). Springer, New York, NY. https://doi.org/10.1007/978-1-4419-9410-3_5
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