• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 3 hours Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents * Too late now
  • 20 hours Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 5 mins 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 7 hours In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 2 hours Will Uncle Sam Step Up and Cut Production
  • 7 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 48 mins With Global Warming Greenland is Prime Real Estate
  • 1 hour Sad . . . Only thing that moves oil price up is an attack on Tankers or Oil Facilities (Staged or real?)
  • 9 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 1 day Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 12 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 1 day Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 2 days NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 1 day US Petroleum Demand Strongest Since 2007
Alt Text

The U.S. Plans To Send Nuclear Reactors To Space

Despite the nuclear industry stumbling…

Alt Text

The Fastest Growing Energy Producer In The World

Production growth is a key…

Tim Daiss

Tim Daiss

I'm an oil markets analyst, journalist and author that has been working out of the Asia-Pacific region for 12 years. I’ve covered oil, energy markets…

More Info

Premium Content

Trump Boosts U.S. Presence In Taiwan Strait

As Washington and Beijing try to reach a deal after months of disagreement and trade tensions that have impacted not only both countries but the global economy as well as global oil demand growth and oil prices, new developments broke this weekend that will likely create more headwinds between the two countries. On Sunday, two American ships sailed through the growingly controversial Taiwan Strait.

U.S. Navy destroyer, the USS Curtis Wilbur, and U.S. Coast Guard cutter, USCGC Bertholf, "conducted a routine Taiwan Strait transit March 24-25 (local time) in accordance with international law," the Navy's Seventh Fleet said in a statement. "The ships' transit through the Taiwan Strait demonstrates the U.S. commitment to a free and open Indo-Pacific,"  U.S. Navy Commander Clay Doss, a spokesman for the Navy's Seventh Fleet. said in a statement.

Trump’s pro-Taiwan pivot

Unlike the Obama Administration, President Trump has reinforced U.S.-Taiwan relations even as Beijing continues to put more pressure against the self-ruled island that China considers its sovereign territory, while it still has never ruled out force in order to bring the country under its rule. President Trump, for his part, approved $330 millionn in arms sales to Taiwan in September, which provoked a stern rebuke from Beijing. However, that amount is the lowest in recent years, as U.S. policymakers weigh their obligation to help defend Taiwan against provoking Beijing in a delicate cat and mouse game that has been ongoing for years. Taiwan, for its part, particularly under current Taiwanese president Tsai lng-wen, has sought to solidify Taiwanese self-rule even. This weekend’s U.S. voyage marks the third such trip this year in the Taiwan Strait. Related: World’s 2nd Largest Oil Company Sees Huge Drop In Profit

Taiwan's President Tsai Ing-wen told CNN last month that the Chinese military threat posed by Beijing was growing "every day" in line with a more assertive foreign policy under its President Xi Jinping. Before her election, relations between China and Taiwan had reached a new era of conciliation or, as Beijing would like to call it, reconciliation during the administration of President MaYing-jeou, a Beijing-leaning bureaucratic that seemed prepared to allow the merging of the two sides through economic cooperation. Now that Tsai has been in office around three years, cross-strait relations can arguably be called the worst since 1979 when China stopped firing artillery barrages across the strait at Taiwanese outlaying islands.

Threat to Taiwan’s energy imports

As of Monday morning Beijing time, the Chinese government had yet to officially respond to the U.S. naval voyage. However, when it does reply, it will likely condemn the U.S. action, while also stating (again) that Taiwan is sovereign Chinese territory and the U.S. should avoid meddling in Chinese domestic affairs. Politics notwithstanding, there are also concerns in both Taipei and Washington that increased force and military activity by Beijing in the Taiwan Strait in recent years could also impact Taiwan’s energy sector - a dynamic that would quickly cripple the country’s economy.

China’s air force has conducted several island encirclement patrols near Taiwan beginning on April 18, 2018. The drills reportedly featured different types of Chinese warplanes including H-6k bombers, Su-30, and J-11 fighters, and surveillance, alert aircraft, which aimed to test and hone their real combat capabilities. Chinese Air force spokesman Shen Jinke said recently that China would continue to carry out such patrols, adding that the country has the determination, confidence, and capability to safeguard national sovereignty and territorial integrity.

According to Taiwanese official statistics, oil, coal, and natural gas made up 48 percent, 29 percent, and 13 percent of Taiwan’s total primary energy consumption in 2015, respectively, while the remainder was mostly nuclear (7 percent) and smaller amounts of various renewable energy sources. Total energy import dependence was about 98 percent, according to the Taiwanese government.

By Tim Daiss for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage


Leave a comment
  • jorgen cp on March 31 2019 said:
    I don't think russia came to venezuela for oil, lies Russia came to venezuela for stolen the gold, putin do not looking oil they having enough, looking for gold, history do not lies for the last century spain came to america now in 2019 the history repeat.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play