The geo-strategic importance of the Indian ocean in the context of the world oil crisis

Authors

  • Mihai Lucian Pascu SNSPA Bucharest, Romania

Keywords:

demand of energy, limitation of natural resources, strategic importance, transport solutions

Abstract

The continuously growing demand for energy and the natural limitation of energy resources make today’s military, economic, and diplomatic strategies of every nature shaped by the top priority objective: uninterrupted access to energy resources. If nowadays 40% of the world’s consumer goods are transited across the Malacca Strait and 40% of the sea-transported oil transits the Hormuz Strait, the estimates made until 2030 indicate an increase of the energy needs by 45% globally, of which more than half will be due to India and China’s needs, implicitly leading to an intensification of the traffic across the Indian Ocean.

Author Biography

Mihai Lucian Pascu, SNSPA Bucharest, Romania

Sociology Ph.D. candidate

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Published

2011-09-20

Issue

Section

ECONOMIC THEORY