Posted on 07/04/2005 1:01:07 AM PDT by Srirangan
The oil war is openly declared now and the world shall stand to witness it. In what seems to be the clash of China and the United States over Unocal is already having its impact felt all over the world. United States is a nation driven by the politics of oil and influence. The mammoth growth of China is a reality and for the first time China is directly contesting America’s sphere of influence all over the world.
With oil prices touching record high of 60 dollars per barrel the war is likely to intensify if anything else. But one must not forget that the United States is in complete control of Iraq and still exercises a considerable degree of influence over Kuwait and other oil-rich gulf nations. Similarly America is trying to exert its presence and influence in Central Asia much to the agony of both China and Russia. The war is clearly not for the present but for the future. Before we can understand India’s role in this war, it is important to observe the oil politics in the world.
China is hunting for oil; petroleum and LNG like a beleaguered dragon looking for a future treat due to its ever increasing domestic demand and surging export volumes. So much so that it has tied up with Russia , Nigeria and other much OPEC nations to ensure continuity of its oil supplies. China is actively engaging with the Latin American countries cutting the American influence steadily. The rise of leftist governments in Latin America which are anti-America has made the situation a bit friendlier for China.
(Excerpt) Read more at india-defence.com ...
-ccm
If India would build oil pipelines from Central Asian countries into the ports of India, and export oil to the US, that would benefit both India and US. It will also steal some of the oil resource that would have been sold to China.
Why have ports in India when Iran is closer?
Yeah, the Senate voted to cancel funding it.
We ought to be getting CHEAP oil from Iraq all things considered
Hard to do when the insurgents keep blowing up the pipelines.
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