China is the world's second-biggest importer of crude oil and its companies are on the prowl for oil all over the world.
By 2015, its oil companies are expected to produce more oil outside of China's borders than Kuwait pumps, according to the International Energy Agency.
The global Chinese search for energy has put a new region on the top of its agenda: Arctic oil.
2013 crude oil outlook
The Doomsayers Are Wrong About Oil Prices
The stock market is not the only thing that is up. Crude oil prices have jumped as well rising faster than the S&P for the past month.
West Texas Intermediate (WTI) next month futures contract prices for crude oil on the NYMEX increased again last week. That marked the seventh consecutive week oil prices have gained, the first time that has happened since 2009. Overall, WTI pricing level has risen 11% since mid-December.
Now all of this...