With close allies Iran and Venezuela in crisis, China is scrambling to save energy — and face
For the second time since World War II, the geopolitical tectonic plates of the world are shifting decisively in favor of the US.
The first shift began with the election of Ronald Reagan in 1980 and ended with the 1991 collapse of the Soviet Union that left America as the sole superpower.
The second began with last year’s election of Donald Trump. While it is still early days, the outlines of restored American preeminence and what it would mean for the rest of world are becoming visible.
And the world’s biggest loser is clearly China.
Beijing’s immediate concern is access to energy. Venezuela and Iran, China’s closest allies in Latin America and the Middle East, together used to account for one-third of China’s petroleum imports.
Venezuela was lost to China two weeks ago. The country that has 17% of the entire world’s petroleum reserves has now ceded control of this vital resource to the US as its oil infrastructure is rebuilt by American companies.
In words that must have added more than a little salt........
