BP's chief U.S. economist worries China is winning the global energy war. Here's why

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BP's chief U.S. economist worries China is winning the global energy war. Here's why

^{Published on 2025-05-14 14:46:51 - Fortune}

Renewable energy should double worldwide by 2050 while global oil demand is likely to peak in a decade, energy economists said.

The article from Fortune discusses how China is strategically positioning itself to dominate the global energy market, according to BP's chief economist, Spencer Dale. China's approach includes securing long-term energy contracts and investing heavily in renewable energy technologies, which gives it a competitive edge over Western countries. Dale highlights that while Western nations are focused on short-term energy needs and are struggling with the transition to renewables, China is playing a long game, aiming to control key aspects of the global energy supply chain. This strategic foresight is enabling China to potentially "win" the global energy war by becoming a leader in both traditional and renewable energy sectors.

Read the Full Fortune Article at:
[ https://fortune.com/article/bp-economist-china-winning-global-energy-war/ ]

N@N

BP's chief U.S. economist worries China is winning the global energy war. Here's why