IT OUGHT TO BE ABOUT OIL, writes Duke University’s Professor Joseph Grieco:
Oil resources located in the Middle East are vital not just to the prosperity of rich countries, but for the prospects of growth in developing nations. According to the IEA, future increases in demand for oil will come largely not from the world’s rich countries, but from fast-growing developing countries, especially China.
This trend highlights a link between oil access and world peace. According to the IEA, China over the next 30 years will become a “strategic buyer” in international energy markets. If those markets are periodically thrown into turmoil because of supply disruptions in the Middle East, China might decide to take control of the oil reserves thought to be under the South China Sea. That would bring it into serious conflict with such neighbors as Vietnam and Indonesia, and ultimately with the United States.
War: It’s for the children!