A Hazardous Game – The Strait of Malacca
... ~15 million barrels of oil pass there daily or 1/3 of the global oil trade, as tankers move from mainly Middle East to Asia (China, Japan, South Korea, etc.) It is not the only passage available there (e.g. Lombok-Makassar or Sunda Strait [very shallow]),... ... hegemon, particularly if China becomes the world’s biggest economy? As Yergin (2011) stresses oil has been a primary energy concern for China ever since Mao, as it was perceived as a main component of a modern economy, in turn, fuelling military ...
08.10.2013