ASIA: The third great energy shock
Updated
With petrol prices heading towards 100-dollars a barrel, Asia is living through the third great energy shock of the post-war era, only this time demand from India and China means prices are unlikely to ever go down again. A new Australian study says the problem in the two earlier oil shocks was with supplies of oil, this time, it's demand growth that is unlikely to subside.
Presenter: Graeme Dobell
Speakers: Professor Michael Wesley, director of the Asia Institute at Griffith University. His paper on Energy and Security is published by the Australian Strategic Policy Institute
