Energy competition seen raising tension in ‘China Rim’

05/02/2005
Escalating demand for crude in the China Rim region-comprising China and 18 surrounding countries-will outstrip supply over the next 5-50 years and precipitate a crisis of “economic imbalances, energy insecurities, ancient hatreds, and unsettled scores” that could threaten world peace, said researchers at Laguna Research Partners LLC, Irvine, Calif.“Based on our analysis of the intense economic, crude oil, and military confrontations developing among the China Rim region’s largest economies, we believe that the most aggressive crude oil price targets calling for $100/bbl within the next 3 years will prove to be conservative,” they said in an Apr. 14 report.Th...
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