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Oil in Asia and the Pacific : production, consumption, imports and policy options

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Title: Oil in Asia and the Pacific : production, consumption, imports and policy options
Authors: Wu, Kang
LC Subject Headings: Petroleum industry and trade - Asia
Petroleum industry and trade - Pacific Area
Issue Date: 2008
Publisher: Honolulu: East-West Center
Series/Report no.: AsiaPacific issues ; no. 85
Abstract: Concerns about energy security
affect economic performance and political stability all over the world,
but nowhere are these issues more critical than in Asia and the
Pacific. Oil is at the heart of the region's energy challenge. Oil
consumption is increasing nearly twice as fast in the region as in the
world as a whole, while options for increasing production are severely
limited. The result is a steadily growing dependence on imported oil,
largely from the volatile Middle East. Apart from efforts to increase
domestic production and slow consumption growth, recommendations for
policymakers include initiating joint ventures with oil producers,
improving the efficiency of domestic markets, building up strategic
stocks, strengthening regional cooperation, reducing transportation
bottlenecks, and establishing a regional market for oil futures. In the
long run, policymakers need to devise new strategies for economic
growth based on more efficient use of oil and natural gas, continuing
dependence on coal, and ultimately, the development of alternative
sources of energy.
This paper is updated and adapted from the East-West Center book, Asia's Energy Future: Regional Dynamics and Global Implications, edited by Kang Wu and Fereidun Fesharaki with assistance by Sidney B. Westley (Honolulu: East-West Center, 2007).



Additional titles in the AsiaPacific Issues series
Description: For more about the East-West Center, see http://www.eastwestcenter.org/
Pages/Duration: 12 pages
URI/DOI: http://hdl.handle.net/10125/3843
Appears in Collections:AsiaPacific Issues



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