A Hazardous Game – The Strait of Malacca
... 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... ... “oil-lifeline” is a major flaw that could see the entire state collapse in a matter of weeks (Yergin, 2011: 209-211). Characteristically, China used diplomatic language and did not... ... demand and the Malacca Dilemma. Moreover, these majors favour unstable states with high corruption as this way competition from international oil firms is minimised which allows...
08.10.2013