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Steps to Energy Security
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The Washington Post
- Article date:
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July 8, 2006
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Copyright informationCopyright 2006 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Sebastian Mallaby ["What 'Energy Security' Really Means," op-ed,
July 3] provides a sensible contrast to the hype that often
accompanies energy discussions. Yet he errs on two counts. The first
is in describing China's energy security strategy solely as "buying
stakes in foreign oil fields." China is not driven by a false sense
of security (at least not fully). Chinese oil companies are involved
in exploration and production, helping to bring oil to market. Given
that lagging investment is one reason oil prices are so high, this is
not an unreasonable policy.
The second error is to assume that producers and consumers have
identical interests. At one level, this surely exists: Producers and ...
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