The new oil game
China is showing increasing interest in the Middle East. India must track its moves
Written by Vikram S Mehta | Published:November 6, 2017 1:00 am
Post World War II, America emerged as the dominant global political, economic and military power. Security of oil supplies were a crucial ingredient of this development.
Imperial Britain, over whose empire the sun never set, gerrymandered the politics of tribal Middle East in the early part of the 20th century to secure its requirements of oil. America, the dominant power in the second half of the century, sidestepped its liberal principles and cosied up to monarchs and unabashed despots, also to ensure it never ran out of oil. History is an imperfect guide but often it is the only one we have. So the question should now be asked. What will China, the “mighty power” of the 21st century, do to mitigate its dependence on oil supplies from the Middle East? And what might be the consequences for India of such actions?
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