3 ms·
The geopolitical implications of a low priced oil will be seen for many years to come. The developing nations are already suffering greatly. That’s why the rec
by ttbonvon 6y ago
The geopolitical implications of a low priced oil will be seen for many years to come.
The developing nations are already suffering greatly. That’s why the recent conflict between india and China has occurred. Watch #boycottchina happening in other countries besides India.
Can you imagine being Iran, watching your economy being destroyed simultaneously by your biggest enemy, US, via sanctions. Then watch your countrymen get destroyed by your biggest ally, China, via Muslim concentration camps and coronavirus? And what if this leads to a rogue state where it attacks every ship coming out of Hormuz? And it leads to a sudden spike in oil price?
We live in interesting times
- threwawa2343 6y ago> The developing nations are already suffering greatly. That’s why the recent conflict between india and China has occurred. Watch #boycottchina happening in other countries besides India. What are you saying here ? India-China conflict occurred due to the impact of low-priced oil ? This is a silly thing to say. India, China, Japan etc. benefit vastly from this price movement. India is infact now supplementing for lost tax revenue (by its stupid overreactive policies) by increasing petrol prices. The only ones who lose are countries like Russia and those in the Middle East that rely hugely on oil/gas, and perhaps the US, partly due to the Shale oil bankruptcies, but I imagine, vastly more, due to the weakening of the petro-dollar, esp. in a time of unhinged money-printing.
- threwawa2343 6y ago*Countries like Venezuela and Brazil have frittered away their oil-treasures for crony-socialism, so I don't imagine there is much other bad-news for them.
- qserasera 6y agoRead into the chabahar/ gwadar battle. While China has a smaller stake in chabahar India has a huge one. Lower prices may effect development of those ports and gas supply.