China will likely continue on the same path as it has in recent years – an overwhelming focus on new gas production, leading to continued decline in its oil output. Angus Rodger More Quotes by Angus Rodger More Quotes From Angus Rodger The impact of lower oil prices on company plans has been brutal. What began in late-2014 as a haircut to discretionary spend on exploration and pre-development projects has become a full surgical operation to cut out all non-essential operational and capital expenditure. Angus Rodger energy