A new world energy order is taking shape

Contributing sentiments towards policy:

53% : That's yet another reason why Europeans shouldn't be complaining about the Inflation Reduction Act, which subsidises clean energy production in the US.
51% : While China has for some time been buying increasing amounts of oil and liquefied natural gas from Iran, Venezuela, Russia and parts of Africa in its own currency, President Xi Jinping's meeting with Saudi and Gulf Co-operation Council leaders in December marked "the birth of the petroyuan", as Credit Suisse analyst Zoltan Pozsar put it in a note to clients.
46% : As Pozsar points out, Russia, Iran and Venezuela account for 40 per cent of the world's proven oil reserves, and all of them are selling oil to China at a steep discount.

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