The Sum of All Chinese Oil Fears
Energy is vital to a country’s security and material well-being. A state unable to provide its people with adequate energy supplies often resorts to force.
—Senator Richard Lugar and Former CIA Director James Woolsey
The oil China currently imports from the Middle East and Africa is still transported through... the Strait of Malacca. This single route will bring certain strategic risks. Once China and Southeast Asian countries or the United States fall foul of each other, oil transportation will be impeded.
—China’s People’s Daily
Today’s China is the largest economy without a substantial strategic petroleum reserve and the most vulnerable to oil-market disruptions. In fact, China has on hand less than ten ...
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