Loading ...Xi Says “Global Order Crumbling Into Disarray” As Trump Turns Up Pressure Campaign On China
President Trump’s four-and-a-half-month crusade across the Western Hemisphere, and now into the Middle East, increasingly looks like a massive blitz to acquire – or control – energy assets and maritime chokepoints as part of a broader economic pressure campaign against China, which depends heavily on the Gulf and Venezuelan crude.
“Chokepoint after chokepoint: the administration is methodically building a portfolio of assets that they are stacking against China: the Panama Canal, which is the only exit route for oil and gas from the Gulf of Mexico to China; Venezuela and her oil that used to go to China; Kharg Island and Iran’s oil which used to go to China, and SoH through which Iran’s and all Arab countries’ oil used to go everywhere but mostly to China,” Zoltan Pozsar of advisory firm Ex Uno Plures wrote in a March note.
Pozsar’s view is important because, when placed alongside Chinese President Xi Jinping’s comments earlier today that the world is slipping into “disarray,” the larger picture comes into sharp focus.
“The aim is not to deny energy to China. The aim is to level the playing field between the two countries. To be blunt, in ways I couldn’t be at Credit Suisse: if you fuck me on rare earths, I fuck you on energy.”