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Middle East Drama!Saudi Arabia tore its face, did not play the new energy game, and took the initiative to find China!
Middle East Drama!Saudi Arabia came to the fore and did not participate in the global new energy agreement, but took the initiative to find China!
Hey, military fans and international relations followers, today I'm going to bring you the scoop on the drama of the Middle East!The trigger for the incident came from a recent meeting of the United Nations Framework Convention on Climate Change, which starred Saudi Arabia and China was behind the scenes. Don't worry, let me break down this jaw-dropping story for you in detail.
First of all, let's first understand the latest information, the United Nations Framework Convention on Climate Change conference seems to have encountered some "twists and turns". The "phase-out of fossil fuels" clause was unsurprisingly removed from the final draft agreement hosted by the UAE, which is no ordinary vignette. Seeing that the proposal supported by more than 100 countries was swept away, it instantly broke out into a group confrontation. The Russia-Ukraine conflict two years ago was the first bomb dropped on this drama, and today, we can see that this drama has finally been staged.
In fact, it's just an appetizer, and then there's a great climax. Relations between various countries are unpredictable, and the contradictions between Russia and Ukraine have triggered a game between global energy producers. The princes of the Middle East seem to be dissatisfied with the "domineering" attitude of the United States, and no longer pay attention to the Yankees, but instead show their affection with China. Especially at the United Nations General Assembly, Uncle Pu took the escort of four Su-35S aircraft and expressed their position majestically, "gradually reducing fossil fuels"?It's none of our business, Lao Tzu still has to make money to support his family!
However, things are not as simple as they seem. Saudi Arabia, the United Arab Emirates and other countries pay lip service to new energy, but their actual actions are ridiculous. They are trying to preserve the fossil fuel industry, but they are also taking the opportunity to invite Chinese companies to participate in the energy transformation. It's a difference between words and deeds, but we can understand the pain of this, and energy producers are facing two life-and-death wars.
First, there is the battle between the old and the new energy sources. The princes know that the rise of new energy is unstoppable, and they have no real chance of winning, and the only thing they can do is to fight for more time and earn more money. This has led to an embarrassing situation, they know that the arrival of new energy is inevitable, but they hope to have enough capital in the process to eat dividends. It's a difficult and helpless choice.
Secondly, there is the financial war. The Yankees raised interest rates this time, and the whole world had to suffer a dumb loss, and energy producers became one of the most important prey. The princes know very well that they have been keeping oil prices high, which can not only raise Yankee inflation, but also make Yankees have nowhere to pick up. High inflation and high interest rates go hand in hand, and there is a risk of high debt. The Yankees coerced and seduced, but the princes stood tall and did not make mistakes. Because they know that if they take a step back, the energy leeks they have grown for decades will be cut down by the Yankees.
Several major powers in the Middle East and Russia have stood up at this critical juncture, and they have been united after the Palestinian-Israeli conflict. As soon as Uncle Pu called, the energy-producing countries immediately lined up in a group. The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham al Ghais, sent a letter to 13 member states urging them to reject any agreement targeting fossil fuels in the latest climate talks. This is no joke, the energy producing countries are the big countries in the Middle East and Russia, they have to do everything they can to prolong the life of fossil fuels, and they have to spend the dollars in their hands in exchange for real things.
At this time, the Saudi investment minister of the Middle East came into play!He announced in Beijing that Saudi Arabia is trying to catch up with the global clean energy transition, providing plenty of opportunities for Chinese companies to cooperate. It seems that the Saudi princes also felt the crisis and had to take the initiative to find China, hoping that their "energy life" could be extended through cooperation.
Overall, this Middle East drama can be described as confusing and full of twists and turns. The dilemma faced by energy-producing countries is not only the battle between old and new energy sources, but also the smoke of financial warfare. The great powers of the Middle East and Russia are closely united at this juncture of crisis and are joining forces to deal with global changes. Saudi Arabia is struggling at home and abroad, trying to find a way to survive. This drama continues, let's wait and see this wonderful development. stay tuned！