July 13, 2005
Anyone who helps China with energy is a friend.

The WaPo looks at Cnooc's bid for Unocal and its relationship to the Iraq War. Or vice versa.

"If the world oil stocks were exceeded by growth, who would provide energy to China?" said Shen Dingli, an international relations expert at Fudan University, who advises the government on security policy. "America would protect its own energy supply. The U.S. is China's major competitor."
...
Many energy experts say owning oil fields provides no real energy security. It does not cushion against a rising cost of energy because no one country is large enough to determine the market price. Neither does it ensure access, because getting oil where it is needed depends largely upon shipping lanes policed by the U.S. Navy."

Posted by dbrown at July 13, 2005 02:10 PM
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