Chinas Energy Needs and its Geopolitical Competition with the United States and Russia in Central Asia

China 's Energy Needs and its Geopolitical Competition with Russia and the United States

Introduction

The assurance that there is a sufficient supply of oil is a recognized priority of governments for the purpose of national development . This industry of petroleum products is considered unstable among the various forms of energy sources due to tits scarcity and uneven distribution throughout the world . This has become a staple concept in political ideology , technology , and market forces , which are all factors that affect the kind of oil consumption and how fast it is

consumed . The politics involved in oil trade is highly influenced by the increase of oil prices in the world market , the high levels of demands among developing nations , the competing prices of petroleum supply , OPEC restrictions , and even by natural disasters

Due to the rapid boom in China 's economy and the urbanization that the country is experiencing , the demand for oil has increased . Only two decades ago , the country is considered one of the biggest exporters of oil in the East Asian region . This increasing oil demand in China has urged the government to depend on the importation of petroleum products This is an unprecedented rise in oil demands that is currently affecting the foreign policy of China . This prompted the Chinese officials to enforce measures that would ensure that the public 's needs for oil is properly addressed . China had a sufficient domestic supply of oil that used to answer to its people 's requirements . This is as recent as 1992 but China has now become one of the world 's largest importer of oil having approximately 40 of its petroleum supply from importation . The US Department of Energy has predicted that this value would rise up to 75 by 2025 . The rapid increase of petroleum consumption in China has made the country the no .2 oil consumer in the world , next to the United States and before Japan . In the year 2004 alone , China has been responsible for about 31 of the world 's increase in oil demand . Due to the large oil production in China , one of its largest oil field 's supplies is currently declining . This only reflects that China is in need of a country that would provide and respond to its oil needs , and they need to accomplish this the soonest possible time . This has led the country to search in various nations including Myanmar , Iran , and even North Korea

China has become one of the largest countries whose major industry includes the factories that serve as workshop for the merchandise sold by companies from Western countries . It has a tremendously large manufacturing industry that is continuously increasing , causing China to need more sources of energy . However , China has a limited domestic supply and production of petroleum products and other forms of energy sources . These needs for energy has caused Beijing to diplomatically and economically ensure that supplies would meet the country 's demands . Such measures were taken on regions such as...