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Tags: oil resources

Blood of the earth : the battle for the world's vanishing oil resources
by Dilip Hiro
China is now the world's second largest energy consumer, trailing only behind America. And India has moved up into the fourth place behind Russia, after overtaking Japan in 2001. Dramatically changing the geopolitics of oil in the new century, China and India are rapidly expanding their navies as they become increasingly dependent on lines of oil tankers from the Middle East, posing the beginning of an eventual... (more)