The Global Dangers of China’s Oil Policy
Oil is the lifeblood of every modern economy, and considerable blood is shed in the Middle East, Africa, and elsewhere to control or protect the vast network that brings this “black gold” from faraway places to the world’s factories and transportation systems. What is disturbingly new about today’s “blood for oil” wars is China’s emerging and highly disruptive role.
China’s rapidly expanding thirst for petroleum has sent gas prices and the price of a barrel of oil soaring. China’s brass-knuckled, amoral approach to securing its oil reserves is facilitating such tragedies as the slaughter of Burmese protestors and the Darfur genocide. China’s willingness to trade “blood ...