US experts seek India, China entry in global energy system

Three US experts have suggested bringing the emerging major oil consumers, such as India and China, into the global energy system as a key diplomatic strategy to secure the stability of American oil supply.

Testifying before the foreign affairs committee of the House of Representatives Thursday, they were unanimous in suggesting this course as oil demand from large, rapidly growing, emerging economies, such as China and India, are projected to grow dramatically.
John M. Deutch, professor, Massachusetts Institute of Technology, and a former director of the Central Intelligence Agency (CIA), said India and China are eagerly pursuing state-to-state agreements to ‘lock-up’ oil supplies.

This will increasingly put them in competition with developed economies and create strains in their relations with the United States and other import dependent countries, he said in the hearing on ‘Foreign Policy and National Security Implications of Oil Dependence’.

To reduce the adverse consequences of oil import dependence, Deutch suggested a set of foreign policy measures such as inclusion of the large emerging developing economies, notably China and India, in the International Energy Agency (IEA) because of their importance as importing countries.

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