@MarioNawfal Reading the comments is a bigger eye opener than what you have told us. What you are saying is 30 years old. Tge comments are today.
Interesting to see that God sent relegion to unite man and improve the quality of life. And what is has done is made enemies of man.
Fascinating argument by Bloomberg's top energy analyst Javier Blas 👇: he argues that China effectively saved the world economy during the Iran war by absorbing the brunt of the global oil supply shock on its own, without visible economic damage.
According to his calculations, China "cut its average daily waterborne oil imports by the same amount as the combined oil consumption of Germany, France and the UK."
And, still according to Blas, they "did so without suffering economic harm" because they could rely on many levers: their huge strategic petroleum reserve, a massive surge in EV usage, their remaining coal-fired electricity capacity, and coal-to-chemicals replacing lost feedstocks.
Had China not been ready to absorb that blow, a good argument can be made that the economic damage to the West, and the world at large, would have spiraled far beyond what we saw.
Effectively, China's energy strategy at all levels (petroleum reserves, EVs, etc.) and its ability to withstand huge supply shocks paid off for everyone, not just for them.
It sounds awfully familiar: in 2008 too it was China's stimulus package and continuous buying of US Treasuries that averted a complete breakdown of the global financial system.
So twice in 20 years the country the West loves to present as a "threat" to the global economy effectively saved it from a US-made global economic disaster 🤷
Interesting points raised by Lt. Gen. Nauman Zakaria of Pakistan at the Shangri-La Dialogue. Much of what he said is certainly indicative of Pakistan’s military posture vis-à-vis India in the years to come. important to note that he commands Pakistan’s newly formed rocket forces and is widely regarded as one of the most swashbuckling and operationally competent generals in the Pakistan Army. His words offer bits and pieces of the doctrinal shift.
This is such a great short video! Rarely have I seen so much clarity packed in 9 mins. If you're wondering why oil markets are not in more turmoil given the scale of the flow loss from the closure of Hormuz, this explains it.
@tparsi This is what happens when you interfere and don't let someone else complete the essential work of the world. Hitler was a genius, and they stopped him before he could complete an essential task for humanity