Regional and global implications of Chinese-American competition for energy resources in the Persian Gulf Cover Image

Regionalne i globalne implikacje chińsko-amerykańskiej rywalizacji energetycznej w Zatoce Perskiej
Regional and global implications of Chinese-American competition for energy resources in the Persian Gulf

Author(s): Tomasz Młynarski
Subject(s): Supranational / Global Economy, Energy and Environmental Studies, Environmental and Energy policy, International relations/trade, Geopolitics
Published by: Oficyna Wydawnicza KA AFM

Summary/Abstract: The United States and China as the world’s two biggest consumers of oil and energy have an increasing impact on global energy geopolitics. Growing Chinese demand for energy creates free competition, and even direct rivalry between the two countries for energy resources. At the same time, the United States and China appear to have fundamentally different views regarding the role of global energy markets. While the United States bases their energy policies largely on free market fundamentals, Beijing in order to meet the country’s demand, conducts statist politics and creates policies based on bilateral agreements with producer countries. The area of particular interest to both countries is the Persian Gulf region, enriched with energy sources. Meanwhile, despite differing perceptions, global energy interests of China and the United States are concurrent, and both countries should cooperate to maintain stable and moderate prices of energy sources. The XXI century is the era of competition among power countries for energy sources and increasing demand of the Chinese economy „moves” China from position of a regional player to the role of actor, whose policies have global implications. Will China be interested in adhering to the norms and principles of the global turnover system for energy commodities in the upcoming decades? Will the United States be able to cooperate and reduce the existing distrust with China?

  • Issue Year: 2010
  • Issue No: 3-4
  • Page Range: 25-47
  • Page Count: 23
  • Language: Polish