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May 6, 2020

Many argue that the coronavirus pandemic will ultimately benefit China more than the rest of the world, especially the US. After all, America is now the worst-hit country on earth in terms of human casualties. But the crisis could in fact help the US reorganize its geopolitical thinking toward the People’s Republic, resulting in a radical break in which Washington’s political and economic elites are newly unified against a rising Beijing.
Oil relationships are as unstable and volatile as romantic ones. Following a deadlocked OPEC summit in February, Moscow and Riyadh announced they would ramp up production, sending already low prices tumbling. Since both countries’ budgets are almost entirely dependent on energy exports, this suggests they have decided geopolitical interests trump purely economic ones.

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