The prolonged slump in world energy prices has produced a mix of benefits and looming risks for China, according to recent reports.
The relative abundance of energy that followed the development of shale oil and gas in the United States has helped to ease energy security concerns in China and other Asian nations, according to studies published last month by the Seattle-based National Bureau of Asian Research (NBR).
But low energy prices have also forced cuts in investment and domestic oil output by high-cost producers like China, raising the risk that supplies could tighten again, the studies said.
The result could be excessive …read more
Source: Radio Free Asia