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China's bid for energy independence. [Copy link] 中文

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Post time 2005-6-27 15:23:02 |Display all floors
The New York Times sees the efforts of China to build up its strategic reserve and to expand its direct contacts with suppliers as a threat to the USA.

However the concept of energy independence for America is often seen as a vital part of a national economic security strategy; and a strategy that is not hostile to anyone and beneficial to the USA economic security.  When the shoe is on the other foot, energy independence is a high patriotic endeavor, and the USA's strategic oil reserves provide an important pyschological security to Americans who worry about politically-based shortages like those in the 1970s.

The idea that a strategic reserve can sustain a country during a time of war has never been seriously believed.  The main problem is that reserves are high priority targets for bombing, like ammo dumps and factories.  Reserves smooth out supply shortages.

One of the oddest things in the article is the idea of China expanding ties with "rogue states" like Iran and Sudan in order to secure oil supplies.  It seems forgotten that the USA's rogue invasion of Iraq is still fresh in the minds of many people around the globe.  Maybe China can use its economic might in what Americans call "constructive engagement".  That's where you do business and wish reform would occur.

I am far from convinced that China did not anticipate the current scenario.  In fact, people attribute the oil glut of the late 90's on the Asian currency meltdown, so production was already expanding to meet demand (before demand tanked, so to speak).

Offshore oil rigs glow gold at sunset.

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Post time 2005-6-28 08:26:33 |Display all floors

The New York Times is complete tripe

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