My recent analysis on Venezuela's oil crisis

Venezuela's oil crisis

Some takes and thoughts about potential geopolitical implications of COVID19 pandemic

As geopolitical and geoeconomic consequences of the

hashtagCOVID19 we might potentially assist to:

1.) Slowing of the pace of the OBOR strategy of China due to the growing backlash from diverse countries against Beijing as part of the blame game for the spread of the coronavirus and the lack of information.

2.) The downsizing and loss of relevance of the WHO and the imperative for its reorganisation and redesign and its change of leadership due to somewhat dubious performance by its director general on the dynamics of this pandemic since its beginning.

4.) Growing frictions within the EU and the consequence balance of power after this pandemic ends.

3.) Advance of diverse SWF especially from the Persian Gulf in terms of positioning and market shares based on their spending spree on the cheap recently, i.e Qatar, KSA.

Overall there could be a revival of the relevance of the power of states against the MNC's, diminishing intensity of the globalisation process, authoritarianism gaining pace against democracies and also growing social unrests as global recession deepens out of this pandemic.

5.) Resource nationalism on the rise especially regarding the oil industry as consequence of recent bankruptcies of companies in the US.

At the end of the day it will much depend on the willingness of the international community to learn to face new critical situations and tragedies like this pandemic in better coordination and cooperation based significantly on the help of societies and non governmental institutions reinforcing the overall dubious actions of states and governments trying to keep their images intact and reduce to the minimum degree possible their political capital and base especially effective at least so far in authoritarian states and governments, where transparency and clear information about this pandemic has been far from clear. And clearly this has been more than just a health and sanitary crisis. Its been a tough clash and confrontation between globalists and nationalists, a clash between top global players and corporations to impose their respective hidden agendas so far leaving behind thousands of deaths. The world is watching and certainly will remember this as this ends.

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My recent analysis on Venezuela's Oil Crisis for Point Risk Advisory

Venezuela's Oil Crisis