Energy exporters beware: China is looking out for No. 1

Eric Reguly

Mr. Putin’s apparent assumption is that China will take as much oil, gas and coal as Russia can pump or dig out of the ground. He may be right in the short term, even the medium term. But pinning Russia’s long-term prosperity on ever rising energy exports to China looks risky. It’s not just that China’s growth rates are slowing; it’s that China is embracing the green revolution a lot faster than the oil and coal barons realize.