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I've read that it is estimated that China has the largest recoverable shale gas reserves in the world and some think that its oil shale reserves may exceed thos

I've read that it is estimated that China has the largest recoverable shale gas reserves in the world and some think that its oil shale reserves may exceed those of the US. So it's not that China hasn't got the natural resources, it's that at the moment it isn't exploiting them as much as the US do.

hollerith 3y ago
Interesting. Peter Zeihan says (or said about 2 years ago) that the US is currently the only country with the engineering expertise to exploit shale deposits, so Washington could probably prevent China from exploiting that resource for a decade or 2 if it wanted to (i.e., by making it illegal for petroleum engineers and experts in the US to work in China).