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]),... ... be it as a test-bed for China or off-shoring policy for the US. Maybe we ought to welcome such rivalry and its resurgence in geopolitics - if we adapt an accepted principle that in business a supreme practice is reached via competition. We should not ...
08.10.2013