Wednesday, March 17, 2004

Global Energy War?


Global Energy War Looms

by Seung-Jin Kim Hyung-June Park

As China consumes more and more oil, a silent energy war has broken out on a full scale. China's thirst for oil is now to the point that a direct pipeline between China and Saudi Arabia, the world's largest, simply won't quench it.

The U.S. and Japan, the number 1 and number 2 energy consumers of the world respectively, are on alert as the more oil China wants, the less they can take. This shortage would hurt their economies.

Large energy consumers have begun to woo producers in order to gain an upper hand in the competition. Oil market watchers opined, "The energy issue will become an important aspect of national security."

Energy War Triggered by China? ...Link

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