Energy-based geopolitics could spur new cold war – Baker Hughes AM 2021
US and China appear to be on a collision course, as the global economic power balance shifts
Pressures in the energy market could push the US and China into another cold war at a time when the diplomatic situation is already fraught, claims Dan Yergin, vice chairman of IHS Markit. Speaking today at the 2021 annual meeting of services company Baker Hughes, Yergin, author of The New Map: Energy, Climate and The Clash of Nations, emphasised that energy and geopolitics are intertwined and that the US and China are on a collision course. “It is going to take some very adept statecraft to stabilise this [situation]” Yergin, IHS Markit “I do not want to say we are in another cold war, but things are not going in the right direction and it is going to take some very adept statecraft
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