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Electrostates vs. petrostates: The US, China, and the Hormuz energy shock
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Peak Oil News and Message Boards
Electrostates vs. petrostates: The US, China, and the Hormuz energy shockThe electrostate-petrostate dichotomy is greatly exaggerated.
Executive summary: China and the United States have experienced the Hormuz energy crises very differently.
Yet this massive disruption unfolded very differently for the world’s two largest economies, the United States and China.
But the distinction does underscore an emerging bifurcation in global energy security, presenting challenges for U.S. policymakers.
In the short term, both countries are making money and helping ease the energy supply crunch.