China Is Rapidly Expanding Its Oil Resources In Africa

China is making a major

power play to expand its global energy influence. The United States has long played an outsized role in global geopolitics and energy markets thanks to the shale revolution which jettisoned the country to the top of the fossil fuel food chain. But if you’ve been keeping up with any headlines out of the Permian Basin over the last few years, you know that the shale revolution is dead. As oil prices remain disastrously low, the U.S. is losing its foothold in global oil and energy markets, and when the dust clears and the geopolitical maps are redrawn, China could very likely come out on top. Under President Xi Jinping, Beijing has made considerable inroads into power markets around the world

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