Western alliances

Are Western Alliances A Thing of the Past?

The current disorder in international relations and the weakening of Western alliances are the direct results of years of Western foreign policy based on deeply ideological principles and unattainable goals. The increasing polarization in Western societies coupled with the public’s deepening cynicism toward policymakers are aftershocks of instability and chaos brought about by policies advocated…

China Crude Oil Future

Geo-energy Meets Geopolitics: China’s New Crude Oil Future

In September, China announced its plans to launch an RMB-dominated crude oil futures contract that will be also convertible to gold. The move allows Beijing to extend RMB’s reach in global energy markets, increase RMB-denominated transactions, and subsequently reduce dollar’s dominance as one of the world’s leading reserve currencies. However slow the process, the energy…