Updated: 5/16/2006; 10:23:07 AM.

Ken Novak's Weblog
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daily link  Tuesday, September 17, 2002

Why Japan Steps Gingerly in the Middle East:  "Japan remains dangerously tethered to events in the Middle East. It now imports more than 87 percent of its oil from the region, the highest since 1969. The main culprit is the growing competition for crude from China, Indonesia and Malaysia, which have cut exports and increased imports to fuel their own economies. By 2020, oil is likely to meet a greater share of China's energy needs than Japan's, according to estimates by the Institute of Energy Economics, Japan. "  3:05:00 PM  permalink  


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Last update: 5/16/2006; 10:23:07 AM.