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Shanghai, the largest city in the world's biggest energy consumer
Shanghai, the largest city in the world's biggest energy consumer
Yu Huapeng

BEIJING - A new study published by the National Academy of Economic Strategy (NAES) finds a global energy market that is in the midst of major changes. China, in this context, is facing both opportunities and challenges; in particular, there are concerns about China’s energy security brought on by shifts in the sector in North America.

The global energy market is undergoing three major changes. First, the diversification of the oil supply. With huge oil reserves and production growth in North Africa and Latin America and the development of unconventional oil and gas resources in North America, the three global oil-exporting centers will be the Middle East, North America, and Africa. Second, with increasing oil consumption in Asian countries, competition among oil producers from African and Latin American emerging countries will be rife. Third, the development of new energy sources from shale oil, gas and tar sands alters the balance of power between energy-producing countries, so energy trade disputes will intensify.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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