@article{Zhang:130548,
      recid = {130548},
      author = {Zhang, ZhongXiang},
      title = {Why Are the Stakes So High? Misconceptions and  Misunderstandings in China’s Global Quest for Energy  Security},
      address = {2012-06},
      number = {830-2016-55269},
      series = {ERM},
      pages = {38},
      year = {2012},
      abstract = {China’s global quest for resources, in particular oil and  natural gas, has received unprecedented worldwide attention  and scrutiny. This is partly because of China’s own  high-profile, active energy diplomacy, its national oil  companies’ acquisitions in the key exporting regions of oil  and natural gas and some debatable issues about the  management and operation of these companies. But why the  stakes are raised unnecessarily high is mainly because of  the growing politicization of Chinese energy security as a  result of misconceptions and misunderstandings of China’s  quest for energy security both inside and outside China.  This paper aims to de-politicize the debate on China’s  global quest for energy resources and to put discussions on  that issue into perspective. To that end, the paper first  categorizes the main features of China’s energy mix and  discusses why energy security in China equates to a large  extent to oil security. The paper then pays special  attention to misconceptions and misunderstandings regarding  the hypothesized U.S.-led oil blockade against China; the  Chinese policy banks and their oil and natural gas-based  loans; and the role of Chinese investments in oil and gas  fields overseas in discussions on China’s global quest for  energy resources. Finally, the paper ends with some  concluding remarks on a more constructive way forward.},
      url = {http://ageconsearch.umn.edu/record/130548},
      doi = {https://doi.org/10.22004/ag.econ.130548},
}