China has developed sophisticated hedging strategies for
managing the international petroleum market, maintaining a
favorable energy mix, pursuing overseas equity oil production,
building a state-owned tanker fleet and strategic petroleum
reserve, establishing cross-border pipelines, and diversifying its
energy resources and routes. Though it cannot be "secured," China's
energy security can be "insured" by marrying government concern
with commercial initiatives. This book identifies the
interrelationship between security and profit that better describes
China's energy-security policy.
Subjects: Political Science, History, Business, Technology
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