Security and Profit in China's Energy Policy: Hedging Against Risk Contributor(s): Tunsjø, Øystein (Author) |
|
ISBN: 0231165080 ISBN-13: 9780231165082 Publisher: Columbia University Press OUR PRICE: $64.35 Product Type: Hardcover - Other Formats Published: November 2013 |
Additional Information |
BISAC Categories: - Political Science | International Relations - General - History | Asia - China - Business & Economics | Industries - Energy |
Dewey: 333.790 |
LCCN: 2013006636 |
Series: Contemporary Asia in the World |
Physical Information: 1.2" H x 6.3" W x 9.1" (1.30 lbs) 336 pages |
Themes: - Cultural Region - Chinese |
Descriptions, Reviews, Etc. |
Publisher Description: China has developed sophisticated hedging strategies to insure against risks in the international petroleum market. It has managed a growing net oil import gap and supply disruptions by 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 comprehensively analyzes China's domestic, global, maritime, and continental petroleum strategies and policies, establishing a new theoretical framework that captures the interrelationship between security and profit. Arguing that hedging is central to China's energy-security policy, this volume links government concerns about security of supply to energy companies' search for profits, and by drawing important distinctions between threats and risks, peacetime and wartime contingencies, and pipeline and seaborne energy-supply routes, the study shifts scholarly focus away from securing and toward insuring an adequate oil supply and from controlling toward managing any disruptions to the sea lines of communication. The book is the most detailed and accurate look to date at how China has hedged its energy bets and how its behavior fits a hedging pattern. |
Contributor Bio(s): Tunsjo, Oystein: - Dr. Øystein Tunsjø is an associate professor at the Norwegian Institute for Defence Studies. He is coeditor with Robert Ross and Zhang Tuosheng of US-China-EU Relations: Managing a New World Order (London: Routledge, 2010) and author of US Taiwan Policy: Constructing the Triangle (London: Routledge, 2008), both in Routledge's Asian Security Studies Series. Tunsjø is coeditor with Robert S. Ross and Peter Dutton of Twenty First Century Seapower: Cooperation and Conflict at Sea (forthcoming, Routledge) and author of Security and Profit in China's Energy Policy (CUP, 2013). |