>Both Biden and Trump tried policies of market interference, leaning toward state capitalism to compete with China as well as the state-led investments made by Gulf sovereign wealth funds.
But both administrations failed to see the big picture and embrace an “all of the above” energy strategy.
>The Trump administration also fundamentally misunderstands China’s energy strategy. Beijing does not seek to build the electro-state to Washington’s petro-state. I
>China’s approach reflects a belief in the Gulf states’ future competencies and relevance in the global economy that the United States simply does not share.
This sounds like a problem not just with administration, but with think tanks and intelligence analysis.
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>Both Biden and Trump tried policies of market interference, leaning toward state capitalism to compete with China as well as the state-led investments made by Gulf sovereign wealth funds.
But both administrations failed to see the big picture and embrace an “all of the above” energy strategy.
>The Trump administration also fundamentally misunderstands China’s energy strategy. Beijing does not seek to build the electro-state to Washington’s petro-state. I
>China’s approach reflects a belief in the Gulf states’ future competencies and relevance in the global economy that the United States simply does not share.
This sounds like a problem not just with administration, but with think tanks and intelligence analysis.