http://www.bbc.com/news/world-asia-china-39971667
Methane hydrates may be the new form of energy because it's 10x more than shale oil and it's highly flammable. There is also no complex refinery needed for it to be used as a fuel.
China also has no problem extracting methane hydrates in the sea because it has blue whale rig.
http://www.scmp.com/news/china/society/article/2076179/china-launches-worlds-largest-oil-exploration-sea-platform
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Once China starts to use methane for its power plants, crude oil demand will have a downward trajectory and oil prices will never get past USD$40 anymore.
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