Rising East Asian oil, gas demand poses US policy questions

10/08/2012
The US may need to reconfigure several economic, military, and other strategies as well as energy policies in response to rising East Asian oil and gas demand, experts agreed at a Sept. 20 forum. They noted that countries there already are the primary Persian Gulf crude oil consumers, and will seek more LNG as they continue to industrialize. Many have national oil companies that are trying to secure supplies by acquiring foreign production. And their cooperation will be necessary to enforce oil sanctions against Iran. A US transition from a major oil and gas importer to a potentially large exporter raises questions ranging from the extent of military protection of East Asian energy supply...
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