本研究發現，中國的能源外交政策係奠基於兩種有力卻截然不同的概念：相互依賴與經濟國家主義。相互依賴可被詮釋為中國在執行能源外交政策時必須對應的國際環境，此受到全球的石油輸出地區的政治局勢或天然災害影響，以及市場變動。我們可以由中國的能源外交政策企圖降低其敏感度與脆弱度中發現，中國深受相互依賴的情勢影響。值得注意的是，中國並不全然遵守或習得相互依賴的概念。國內情勢，即中國的能源產業與重工業，係確定中國能源政策的重要推手。這些國內情勢則係在經濟國家主義與重商主義下佈局其能源策略。

This paper has found that China's foreign energy policies are based on two very powerful, yet completely different concepts: interdependence and economic nationalism. Interdependence can be thought of as the international environment that China must maneuver through when
executing their foreign energy policies, and is heavily influenced not only by political events or natural disasters in oil producing areas around the world, but by market forces as well. We can see the affects
of interdependence in China's foreign energy policies as its attempts to reduce the sensitivities and vulnerabilities that it often creates. What is important to note when analyzing China's foreign energy policies is that China does not fully embrace or learn from the concept of interdependence, but merely reacts and adjusts to the changing circumstances its creates. China's domestic conditions, specifically the state of its energy sector and heavy industry, are what truly drive China's foreign energy policies. These domestic conditions manifest themselves in the form of strategies along the
lines of economic nationalism and mercantilism.

Table of Contents:
Acknowledgements
Tables & Figures
List of Acronyms
Executive Summary

I. Introduction………………………………………………………………………9
Research Objectives……………………………………………………………...11
Research Methods………………………………………………………………..13
II. Theoretical Framework………………………………………………………...13
Interdependence………………………………………………………………….14
Economic Nationalism…………………………………………………………...18
Peak Oil…………………………………………………………………………..23
III. Shaky Foundation: China’s Coal, Electric and Oil Sectors………………….27
Coal Sector……………………………………………………………………….29
Electricity Sector…………………………………………………………………33
Oil Sector………………………………………………………………………...36
IV. China’s Overseas Energy Strategy: An Interdependent Perspective.............39
Sensitivity………………………………………………………………………..45
Vulnerability………………………………………………………………….….45
V. China’s Foreign Energy Policies: An Economic Nationalist Perspective…...51
Chinese vs. U.S. Energy Policies………………………………………….……..51
Consequences of China’s Energy Policies…………….......……………….…….56
An Alternate Path for China……………………………………………………..61
VI. Conclusion……………………………………………………………………....63

Bibliography…………………………………………………………………………….67

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