Prepare for an oil price war in 2022. The combatants are OPEC and a consortium of top energy consuming countries including the US, China, UK, Japan, India and South Korea. All of these countries have built up huge strategic oil reserves in case of emergency such as war or another 1973-style OPEC oil embargo. The […]
United states of America
World Review: America and China, Austrian vaccination and India’s farmers
It has been an interesting week for Sino-American relations and China in its own right. It started with the two countries agreeing to cooperate on climate change policies. There were no details in this proposed pact, but a start had been made. This was followed by a three-hour virtual summit between Joe Biden and Xi […]