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

Date
2008
Authors
Wu, Kang
Contributor
Advisor
Department
Instructor
Depositor
Speaker
Researcher
Consultant
Interviewer
Annotator
Journal Title
Journal ISSN
Volume Title
Publisher
Honolulu: East-West Center
Volume
Number/Issue
Starting Page
Ending Page
Alternative Title
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/
Keywords
Petroleum industry and trade - Asia, Petroleum industry and trade - Pacific Area
Citation
Extent
12 pages
Format
Geographic Location
Time Period
Related To
Table of Contents
Rights
Rights Holder
Local Contexts
Email libraryada-l@lists.hawaii.edu if you need this content in ADA-compliant format.