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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (3093)4/20/2004 5:35:11 PM
From: RealMuLan  Read Replies (1) of 6370
 
Asians fighting the next Asian energy crisis
By Richard Hanson

TOKYO - One of the enduring images of Japan's oil crises of the 1970s - a cool sartorial safari-wear statement - occurred during the sweltering summer of 1979 as the price of OPEC-controlled petroleum soared, threatening the economy in the nation's second oil crisis; the first oil upheaval had been in 1973.

To champion the cause of energy conservation at the time, bulldog-faced prime minister Masayoshi Ohira - anything but a fashion plate - was persuaded by his advisers to become the poster guy to model an "energy-saving" suit, as government offices cut back on air conditioning.

With cameras flashing, Ohira appeared on stage with a nifty beige safari-type, short-sleeved jacket, which he wore over a stiff, buttoned-up white shirt and dark tie. The fashion mavens mourned.

Two and half decades later, Japan and other Asian countries are still dependent on oil from the Organization of Petroleum Exporting Countries (OPEC). The Japanese government is stepping up its efforts to bring some order in Asia to the perilously chaotic state of energy supplies, dysfunctional local energy markets and, most threatening, a massive escalation in demand for oil and other energy resources.
atimes.com
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