According to the U.S. Energy Information Administration, road transportation in China will be the driving force for that country's enormous oil appetite in the next two decades, noting that "the Chinese passenger car market grew tenfold between 1990 and 2000." By 2025, says EIA, China's oil demand will reach nearly 13 million barrels of oil per day. (Saudi Arabia's entire output is only about 8 million barrels a day.) To meet such demand, China is searching everywhere, from Sudan to Venezuela to Central Asia. Iran and China are making oil deals, too. But by invading and occupying Iraq, the United States has pretty much locked up the most easily expanded source of oil in the world; Iraq, which manages to eke out about 2 million barrels a day, can produce six to eight times that much oil if it made sufficient investments in production facilities. Quite a prize, Iraq-if Washington can hold onto it. No wonder various neoconservative world hegemonists consider talk of an Iraq exit strategy to be treasonous.
http://www.truthout.org/docs_2005/071905G.shtml