Send via SMS

« Home | Another way to access a blocked blog in China (and probably elsewhere) » | Golden Shield Blocked More Blog Hosts » | U.S. and European Reactions to China's Rise » | Haruki Murakami on Oriental Elements » | temporarily unavailable » | Using TiddlyWiki » | Blended Drink: Water Melon Plus... » | More Update on Chinese non-profit web registration » | Hou Hsiao Hsien: Constructing "Asia" » | Happy Dragon Boat Festival » 

Wednesday, June 29, 2005 

Problems with China's Growing Oil Demand

Lots of media reports on China's bid for Unocal is a threat to U.S. national security.

Guy De Jonquieres argued otherwise in yesterday's Financial Times' Op-ed: "China exposes America's national insecurity".
"Great powers seem to need foreign demons. For the US, the Soviet Union and Japan fitted that role for much of the second half of the last century. Now it is China's turn.

America's China-bashers claim a CNOOC takeover would imperil US security. Yet Unocal is a second-tier oil and gas company, most of whose production is in Asia and under long-term contract to customers there. CNOOC has said it will operate Unocal's US business at arm's length and sell it if Washington so requires."

Also in yesterday's Financial Times, its editorial stated that "managing demand is as important as securing supply." China should look more into developing renewable energy sources and work on improving energy efficiency. Makes sense.

Links to this post

Create a Link

{{{{Free Hao Wu}}}}

My Collection

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 2.5 License.

Powered by Blogger
and Blogger Templates