China And India Rewrite The Rules Of The Oil And Gas Game

As the current oil price crisis leads to some game-changing upheavals in the global energy market, Asias two powerhouses, China and India, are taking advantage of the supply glut to rewrite the long-established rules of business.

India and China have seen exponential growth in oil demand over the past 25 years. Combined, they consume 16 percent of the worlds oil--second only to the U.S. at 20 percent. And analysts expect that by 2040, these two growing economies will double their combined consumption to 30 percent. These are game-changing numbers that have all major producers seeking inroads to this territory.

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