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Inversely, I'm concerned that it's strengthening relations among Saudi Arabia, Russia, and China. In the worst case, this is barreling towards a Cold War 2.0 wh
by kvathupo 5y ago
Inversely, I'm concerned that it's strengthening relations among Saudi Arabia, Russia, and China. In the worst case, this is barreling towards a Cold War 2.0 where nations throw humanity out the window for political leverage:
* Saudi Arabia has consistently rebuffed Biden's calls to pump more oil [1]. Even after releasing oil from our strategic reserves, oil futures have jumped over 10% in a single day [2]. As discussed in the article, high prices only aid the Russian kleptocracy.
* In an attempt to appease Saudi Arabia, the US added more sanctions on Yemen, undoubtedly worsening the humanitarian disaster there [3].
* Similarly, China is propping up the major Russian exports of Wheat [4] and natural gas [5]. Again, to our detriment, under the consideration that wheat futures went up today (8% I think?).
[1] - https://www.axios.com/biden-drill-oil-saudi-arabia-energy-costs-54682844-1ba0-417d-8d34-bbe5debba221.html https://www.axios.com/biden-drill-oil-saudi-arabia-energy-co...
[2] - https://www.bloomberg.com/news/articles/2022-02-28/oil-steadies-as-u-s-mulls-spr-release-to-quell-russia-concerns https://www.bloomberg.com/news/articles/2022-02-28/oil-stead...
[3] - https://foreignpolicy.com/2022/02/28/ukraine-russia-war-spills-over-yemen-uae/ https://foreignpolicy.com/2022/02/28/ukraine-russia-war-spil...
[4] - https://www.scmp.com/economy/china-economy/article/3168278/ukraine-crisis-deepens-china-lifts-all-wheat-import https://www.scmp.com/economy/china-economy/article/3168278/u...
[5] - https://www.bloomberg.com/news/articles/2022-02-28/gazprom-paves-way-to-new-china-gas-deal-as-sanctions-hit-russia https://www.bloomberg.com/news/articles/2022-02-28/gazprom-p...
- kelnos 5y agoThis is the thing that drives me nuts about people in my country (USA). Especially the conservatives, those who buy the "America First" line and think we should be more isolationist. Embracing alternative (which usually ends up being renewable) energy sources seems like a no-brainer to reduce our dependence on the Saudis et al. Oil has given that region ridiculous amounts of geopolitical power. But I guess "green energy" is a "dirty librull" thing, so they can't get behind it even if it would dovetail with their foreign policy platform in other ways.