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Chinese Oil Demand Doesn't Make Sense - The Wall Street Journal

The Wall Street Journal · last updated

Chinese Oil Demand Doesn’t Make Sense - WSJ

July 14, 2023 8:16 am ET

China’s economy is having a rough summer, but the country is still churning out record amounts of diesel and importing vast amounts of crude oil. That imbalance is unlikely to persist forever.

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Hydropower — electricity generated by turbines capturing energy from moving water — was for many years the primary contributor of renewable energy to the U.S. electricity grid. Its growth was rapid into the 1970s, and since then has offered a stable supply of power, while a declining share of all generation. For many years, hydropower was seen as clean energy and an unalloyed good, but a greater understanding of the impact of dams on ecosystems and wildlife has led to the removal of some dams. As of 2019, hydropower trails wind as a renewable source of power generation.

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