Abandon Fossil Fuels, Empower China
2 hours ago Guest Blogger
Is the Biden Administration so deliberately naïve that it would turn US security over to China?
Don Ritter
Autocratic Producers (primarily Saudi Arabia, the Emirates, Russia, Iran, Qatar, Venezuela and China) and certain democratic (or semi-democratic) Consumers (fossil fuel-dependent nations, mostly in the Global South), are uniting over oil, gas, coal, petrochemicals, natural gas-derived fertilizers and wind-solar-battery raw materials that are essential for building and maintaining modern industrial nations.
The implications are enormous, for global commerce, and especially for America.
China straddles both worlds. It’s the world’s largest coal producer and consumer – and the second-largest fossil fuels consumer after the USA.Although the United States remains the planet’s largest oil and gas producer, government policies are restricting investment in future domestic production, forcing U.S. companies to scour the world to increase production.
The autocratic Producers clearly benefit from America’s declining production, because major Consumers (India, Brazil, Indonesia, South Africa and others) that buy oil, gas and petrochemicals must feed their people, fuel their vehicles, and sustain or grow their economies at reasonable cost.
Giant energy Producer Russia continues to sustain its economy and finance its war in Ukraine, as it waits for Western electorates to lose patience and reduce military aid. Moscow counts on continued fossil fuel sales to Consumercountries, particularly China.
https://wattsupwiththat.com/2023/08/01/abandon-fossil-fuels-empower-china/
