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Asia should prepare for the next energy crisis

Continent-wide stockpile would prevent oil shortage when geopolitics cut off supply

| China
Huangzeshan oil storage and transportation base, pictured on May 12: China does not seem likely to share details of its strategic stockpiles.   © Imaginechina/AP

Nick Butler is a visiting professor at King's College London and a former senior executive at energy company BP.

The time has come for the nations of Asia dependent on oil imports to establish for themselves a degree of protection and stability in a volatile market. What they need to do is overcome mutual suspicion and start a pan-Asian oil stockpile.

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