WATCHING THE WORLD: Japan employs energy choice

Even in a world where energy sources are tight, there is still enough oil and gas in the ground to guarantee choices. Consider the efforts of resource-poor Japan to secure itself a stable energy supply.To win support for its nuclear ambitions, Iran has threatened Japan with the oil weapon on a number of occasions, perhaps most obviously by threatening-and eventually reducing-its 75% stake in development of giant Azadegan oil field.No less worrying for Japan, the Russian government has halted the Sakhalin-2 project, claiming that the companies involved-Royal Dutch Shell along with Japanese partners Mitsui and Mitsubishi-have ignored environmental regulations and caused $10-50 billion in da...

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