Comment by epistasis

That's a bit out of date, it's likely that China has already peaked. And it's not oil but coal that they tend to burn.

Renewables are cheaper than coal and oil energy, so we will see an increase in quality of life as China electrifies, at least for those of us that import Chinese manufactured goods.

Oil is mostly for people's cars, for an unsustainable transit system that locks us in little boxes and kills all our salmon and is one of the greatest threats to the lives of our children. Getting rid of oil and coal is going to be a loooot easier than getting rid of our car infrastructure.